Hasbro to price two tranche deal of notes this week

By Andrea Heisinger

Omaha, Sept. 10 - Hasbro, Inc. announced a two tranche issue of notes Monday, but an informed source said it would not price until Tuesday or possibly Wednesday.

There was no tranche size or price talk yet, the source said. The announcement was for tranches of 10-year and 30-year notes.

Banc of America Securities LLC and Citigroup Global Markets Inc. are bookrunners.

Proceeds will be used to repay outstanding debt under a revolving credit facility, with the remainder for general corporate and working capital purposes.

The game and toy manufacturer is based in Pawtucket, R.I.

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