Hasbro gets 83.4% of 8½% notes in early tender portion of offer

New York, Dec. 9 - Hasbro, Inc.(Ba3/BB) said that holders of its 8½% senior notes due 2006 had tendered $166.789 million of the notes, or 83.4% of the outstanding principal amount, by the early tender deadline of 5 p.m. ET on Dec. 8 in its previously announced tender offer for the notes.

Hasbro, a Pawtucket, R.I.-based maker of toys and games, said on Nov. 24 that it had begun a tender offer for all $200 million of the outstanding 8½% notes.

It set a now-expired early tender deadline of 5 p.m. ET on Dec. 8 and said that the offer would expire at midnight ET on Dec. 22, subject to possible extension.

Hasbro said that it would offer to purchase all of the outstanding notes for total consideration of $1,130 per $1,000 principal amount. The total includes a $20 per $1,000 principal amount early tender premium for those holders who tender by the early tender deadline.

Holders tendering after the early tender deadline but before the expiration will receive $1,110 per $1,000 principal amount, but not the early tender premium.

All tendering holders will receive accrued and unpaid interest up to, but not including, the payment date.

The dealer-managers for the tender offer are Bear, Stearns & Co. Inc. (contact Global Liability Management Group at 877 696-2327) and Barclays Capital Inc. (contact Liability Management Group at 888 227-2275). The information agent is D.F. King & Co., Inc. (800 207-3158).

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.