Hasbro (HAS) Prices $500M Notes Offering

Hasbro, Inc. (NASDAQ: HAS) (“Hasbro”) announced today the pricing of an underwritten registered public offering (the “Offering”) of $500,000,000 aggregate principal amount of 6.050% Notes due 2034 (the “Notes”). The Notes will accrue interest beginning May 14, 2024 with semi-annual payments commencing November 14, 2024. Subject to customary closing conditions, the Offering is expected to settle and close on or about May 14, 2024.

The net proceeds from the Offering will be approximately $495 million, after giving effect to the underwriting discount but not estimated offering expenses payable by Hasbro. Hasbro intends to use the net proceeds of the Offering for general corporate purposes, including to redeem or repay outstanding indebtedness.

BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Scotia Capital (USA) Inc. are acting as joint book-running managers for the Offering.

The Offering is being made pursuant to an effective shelf registration statement, including a base prospectus dated May 6, 2024, that has been filed with the Securities and Exchange Commission (the “SEC”) and is available on the SEC website. A final prospectus supplement describing the terms of the Offering and the accompanying base prospectus will be filed with the SEC and will be available on the SEC website. Copies of these documents may also be obtained by calling BofA Securities, Inc. toll-free at (800) 294-1322 or emailing [email protected], calling Citigroup Global Markets Inc. toll-free at (800) 831-9146, calling J.P. Morgan Securities LLC collect at (212) 834-4533, and calling Scotia Capital (USA) Inc. at (800) 372-3930.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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