trending Market Intelligence /marketintelligence/en/news-insights/trending/f3lR1WKw1Xq7XzFyGNjuNg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Mattel stock falls nearly 10% after nixing bond sale over whistleblower letter

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Mattel stock falls nearly 10% after nixing bond sale over whistleblower letter

Shares of Mattel Inc. plunged 9.46% in after-hours trading on Aug. 8 to $12.16 after the U.S. toymaker withdrew its planned bond offering following the receipt of "an anonymous whistleblower letter."

In an SEC filing, Mattel said it was made aware of the whistleblower letter on Aug. 6. It did not provide further details but said it will "investigate the matters set forth in the letter."

The company decided to terminate its offering of $250 million worth of its 6.00% senior notes due 2027, which was scheduled to close Aug. 8, while it conducts the investigation. Mattel had earlier said that it plans to use the offering's net proceeds, along with cash on hand, to redeem and retire all of its 4.530% senior notes due 2020.

The company said it plans to refinance its 4.350% senior notes due October 2020 prior to maturity.