Apex Trader Funding - News
Hasbro Secures $500M In Bonds As Part of Strategic Turnaround
Hasbro Inc. (NASDAQ:HAS) has raised $500 million of corporate debt through a sale of 10-year bonds, its first bond sale since 2019.
The toy giant behind staples such as Monopoly, Beyblade and Play-Doh and film franchises Transformers and G.I. Joe issued debt with yields of 1.6% above treasury bills on Wednesday, according to Bloomberg. Bank of America, Citigroup, JPMorgan and Bank of Nova Scotia managed the sale, a source told the outlet.
Hasbro previously issued $2.4 billion worth of bonds in November 2019 to finance a ...