Hasbro Expands Revolving Credit Facility to Bolster Liquidity
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Hasbro ( (HAS) ) just unveiled an announcement.
On February 20, 2026, Hasbro, Inc. entered into a Fourth Amended and Restated Revolving Credit Agreement that replaces its prior 2023 facility and provides a senior unsecured revolving credit line of $1.1 billion, with the option to increase commitments by up to an additional $550 million. The amended facility extends the maturity to February 20, 2031, includes sub‑facilities for up to $75 million in letters of credit and $50 million in swing line loans, and ties interest margins and commitment fees to the company’s debt rating and consolidated net total leverage ratio.
The agreement imposes standard covenants, including limits on liens, additional indebtedness, and certain mergers, as well as requirements to maintain a minimum consolidated interest coverage ratio of 3.00:1.00 and maximum consolidated net total leverage ratios of 3.75:1.00 in most quarters and 4.00:1.00 in the third quarter. By securing long‑dated, flexible liquidity on investment‑grade style terms, Hasbro strengthens its capital structure and financial flexibility, which may support ongoing operations, balance sheet management, and strategic initiatives for the benefit of lenders and other stakeholders.
The most recent analyst rating on (HAS) stock is a Buy with a $99.00 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 driven primarily by strong cash generation and a positive 2026 outlook (revenue growth and high operating margin guidance) alongside an established upward price trend. These positives are tempered by weak GAAP profitability and balance-sheet risk (high leverage and thin equity), with valuation also constrained by the negative P/E.
To see Spark’s full report on HAS stock, click here.
More about Hasbro
Hasbro, Inc. is a global entertainment and toy company that develops, markets, and sells branded play and entertainment products, including toys, games, and related consumer merchandise. The company focuses on leveraging its intellectual property across physical products and media to drive growth in the global family entertainment and consumer products markets.
Average Trading Volume: 1,889,762
Technical Sentiment Signal: Buy
Current Market Cap: $14.2B
Learn more about HAS stock on TipRanks’ Stock Analysis page.
