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Prospect News home > News index > List of issuers H > Headlines for Hasbro Inc. > News item |
Fitch trims Hasbro, rates loans, notes BBB-
Fitch Ratings said it downgraded Hasbro Inc.’s long-term issuer default rating to BBB- from BBB+, following the proposed acquisition of Entertainment One Ltd. for $4 billion plus transaction expenses.
Fitch also downgraded Hasbro’s unsecured revolver and existing unsecured notes to BBB- from BBB+.
The agency assigned a BBB- rating to Hasbro's $1 billion in term loans and proposed $2.5 billion in new unsecured notes, which together will finance the eOne acquisition.
Hasbro's negative watch has been removed, Fitch said.
The outlook is negative
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