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Stock impact report

Monopoly Toymaker Hasbro Kicks Off First Bond Sale Since 2019 [BNN Bloomberg (Canada)]

Lions Gate Entertainment Corporation Class A Voting Shares (LGF.A) 
Last lions gate entertainment corporation class a voting shares earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: BNN Bloomberg
The maker of games such as Monopoly and Dungeons & Dragons is selling bonds maturing in 10 years for general corporate purposes, according to a person with knowledge of the matter. The notes may yield 1.8 percentage points above Treasuries, said the person, who asked not to be identified as the details are private. The company didn't immediately respond to a request for comment. The offering comes two weeks after the Pawtucket, Rhode Island-based company reported first-quarter earnings that beat estimates, a promising sign for the company's turnaround efforts. Hasbro announced plans to slash about 20% of its staff in late 2023, blaming slumping sales of toys and games during the crucial holiday season. The company last tapped the high-grade market in November 2019, raising $2.375 billion to help fund a portion of $4 billion acquisition of Entertainment One Ltd. Hasbro has been selling EOne divisions it doesn't consider central to its strategy. Lions Gate Entertainment Corp. agr Show less Read more
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