secwatch.observer — SEC 8-K summary
======================================

Issuer:     MATTEL INC /DE/ (MAT)
CIK:        0000063276
Form:       8-K
Filed at:   2022-09-19T23:59:59+00:00
Accession:  0001193125-22-246779
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63276/000119312522246779/0001193125-22-246779-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63276/000119312522246779/d252167d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-246779

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer