Mattel issues $600M 5.000% Senior Notes due 2030 to redeem 2026 notes

MATTEL INC /DE/

Issued $600M in 5.000% Senior Notes due Nov 17, 2030; interest paid semi-annually May 17 and Nov 17.
Net proceeds plus cash on hand used to redeem all $600M of outstanding 3.375% Senior Notes due 2026.
Notes are senior unsecured, ranking pari passu with existing senior debt; structurally subordinated to subsidiary debt.
Optional redemption: make-whole premium before Oct 17, 2030; par thereafter.
Upon a Change of Control Triggering Event, holders may require repurchase at 101% of principal plus accrued interest.

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