Bond sale shrinks Hasbro debt

Hasbro has sold $500m of bonds as part of its debt reduction plan.
Publish date:
5_184_3864_Hasbro logo 300.jpg

The firm initially marketed $400 million in debt, according to reports, but increased the size of the 30-year bond offering to meet demand.

Hasbro expects to use the money to refinance its outstanding convertible debentures and for general expenses.

Last May, the company sold $425 million of 6.125 per cent five-year notes.

Hasbro owed $1.13 billion in long-term debt at the end of 2009, more than double the $495 million of debt on the company’s balance sheet three years earlier.



New COO for Hasbro

Hasbro has appointed David Hargreaves as chief operating officer to replace Brian Goldner, who has stepped up CEO.

Featured Jobs


Marketing Director UK

Gameplan I Southeast of England I Salary: Competitive I Date Published Monday 7th January 2019

Rainbow logo landscape_home of classic Final

Product Manager

Rainbow Designs Ltd I Olympia, London I Salary: Competitive I Date Published Wednesday 16th January 2019