Hasbro gets commitment letter for 364-day bridge loan for acquisition

By Sarah Lizee

Olympia, Wash., Aug. 23 – Hasbro, Inc. entered into a debt commitment letter with Bank of America to provide a 364-day senior unsecured bridge loan facility to help finance its pending acquisition of Entertainment One Ltd., according to a press release.

The company is also getting about $1 billion to $1.25 billion in cash from equity financing for the buyout.

The all-cash transaction is valued at about $4 billion and is expected to close during the fourth quarter of 2019.

The toy and game company is based in Pawtucket, R.I.

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