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Hasbro eyeing $600 million seven-, 30-year bonds; pricing Thursday
By Aleesia Forni
Virginia Beach, May 8 - Hasbro Inc. is in Thursday's market with a two-part offering of senior notes, according to a market source and a 424B3 filed with the Securities and Exchange Commission
The notes will be sold in tranches due 2021 and 2044.
BofA Merrill Lynch, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and RBS Securities Inc. are the joint bookrunners.
Proceeds will be used to repay $425 million of the company's 6.125% notes due 2014, and remaining proceeds will be used for general corporate and working capital purposes, which may include the repayment of debt, capital expenditures, acquisitions and repurchases of shares of its common stock.
The toy and game company is based in Pawtucket, R.I.
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