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Hasbro Completes $400 Million Senior Notes Offering

Story Highlights
  • On March 12, 2026, Hasbro issued $400 million of 4.650% senior unsecured notes due 2031 with flexible redemption terms and a change-of-control repurchase feature.
  • The notes are governed by covenants restricting certain secured debt and sale-leaseback deals, and were sold via a March 5, 2026 underwriting led by major investment banks.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hasbro Completes $400 Million Senior Notes Offering

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An update from Hasbro ( (HAS) ) is now available.

On March 12, 2026, Hasbro completed a $400 million registered public offering of senior unsecured notes bearing interest at 4.650% and maturing on March 12, 2031. The notes, issued under an existing indenture structure, include optional redemption provisions before and after a February 12, 2031 par call date, as well as a change-of-control repurchase feature at 101% of principal.

The indenture governing the notes also imposes covenants limiting Hasbro’s ability to incur certain secured debt and engage in sale-leaseback transactions, alongside customary events of default. Hasbro entered an underwriting agreement on March 5, 2026, with a syndicate led by BofA Securities, J.P. Morgan, Citigroup, and Scotia Capital, underscoring the company’s continued use of the debt capital markets to support its financing strategy and balance sheet needs.

The most recent analyst rating on (HAS) stock is a Hold with a $98.00 price target. To see the full list of analyst forecasts on Hasbro stock, see the HAS Stock Forecast page.

Spark’s Take on HAS Stock

According to Spark, TipRanks’ AI Analyst, HAS is a Neutral.

The score is held back primarily by weak GAAP profitability and elevated leverage, partially offset by very strong free cash flow. Technical momentum is favorable, and management’s guidance and operational momentum (led by Wizards/digital and cost savings) are supportive, while valuation support is mixed due to a negative P/E despite a moderate dividend yield.

To see Spark’s full report on HAS stock, click here.

More about Hasbro

Hasbro, Inc. is a global entertainment and toy company that designs, manufactures, and markets toys, games, and related consumer products. The company generates revenue through its portfolio of branded play and entertainment franchises, distributing its products worldwide through retail, digital, and licensing channels.

Average Trading Volume: 1,837,357

Technical Sentiment Signal: Buy

Current Market Cap: $13.26B

For an in-depth examination of HAS stock, go to TipRanks’ Overview page.

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