secwatch.observer — SEC 8-K summary
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Issuer:     MATTEL INC /DE/ (MAT)
CIK:        0000063276
Form:       8-K
Filed at:   2024-07-16T23:59:59+00:00
Accession:  0001628280-24-031973
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mattel enters $1.4B revolving credit facility maturing 2029
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- New $1.4B senior unsecured revolving credit facility matures July 15, 2029.
- Interest at Term SOFR + 0.875%-1.375% or Base Rate + 0%-0.375%, based on debt rating.
- Covenants: interest coverage >=2.75x; leverage <=3.75x (4.00x on Sep 30) with step-up to 4.25x for acquisitions.
- Prior $1.4B credit agreement dated Sept 15, 2022 terminated upon closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63276/000162828024031973/0001628280-24-031973-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63276/000162828024031973/mat-20240715.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-031973

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