The restructured deal serves as an amendment to the company’s third credit agreement, providing a significant extension beyond the previous deadline of September 5, 2028. This nearly three-year extension offers the Pawtucket-based company greater financial maneuverability as it continues to execute its long-term business strategy.

Terms of the Expansion

Beyond the primary commitment, the agreement includes an accordion feature that allows Hasbro to potentially increase the facility by up to $550 million. This provision gives the company a path to access additional capital if operational needs or market opportunities arise over the next seven years.

Bank of America acted as the administrative agent and a lead lender for the transaction. The facility is supported by a syndicate of other financial institutions, ensuring a broad base of institutional backing for the toy manufacturer's senior unsecured debt.