Mattel enters $1.4B senior secured revolving credit facility maturing 2025

MATTEL INC /DE/

New $1.4B senior secured revolving credit facility, matures September 15, 2025.
Interest at Term SOFR + 1.125%-2.000% or base rate +0.125%-1.000%, based on debt rating.
Replaces prior 2017 syndicated facility, which was terminated upon closing.
Covenants: interest coverage >=2.75x, total leverage <=4.50x initially with step-downs.
Guaranteed by domestic subsidiaries and secured by substantially all assets.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.