trending Market Intelligence /marketintelligence/en/news-insights/trending/-rOz8hDIlbmjhXpaCPHEIA2 content esgSubNav
In This List

Mattel prices private offering of senior notes

Case Study

A Sports League Maximizes Revenue from Media Rights

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


Mattel prices private offering of senior notes

Toymaker Mattel Inc. on Dec. 15 priced its previously announced private offering of $1 billion aggregate principal amount of 6.75% senior notes due 2025.

Closing of the offering is expected Dec. 20 and is subject to the customary conditions.

The company plans to use the net proceeds from the offering, along with cash on hand, to repay all of its 1.7% senior notes due 2018 as well as borrowings related to the commercial paper program. Mattel also intends to satisfy all obligations and terminate commitments under its existing revolving credit facility, and pay related transaction fees and expenses.