Toymaker Mattel Inc. on June 1 amended certain terms of its credit agreement dated Dec. 20, 2017, to change the maturity date.
According to an SEC filing, each of the facilities under the credit agreement will now mature June 1, 2021, and its lending commitments will end on the same date.
Meanwhile, the company also issued an irrevocable notice of redemption to holders of its 2.350% notes due 2019. The notice is related to the redemption of all $500 million outstanding aggregate principal amount of the 2019 notes, due for redemption June 30.
