Mattel to redeem $275 million outstanding 6¾% notes due 2025

By Rebecca Melvin

Concord, N.H., June 22 – Mattel, Inc. has issued a notice of redemption to holders of its $275 million outstanding principal amount of 6¾% senior notes due 2025, according to an 8-K filed with the Securities and Exchange Commission.

The notes are expected to be redeemed on July 1, subject to the condition that Mattel receive funds from its secured revolving credit facilities that are sufficient to cover the redemption.

The price for the notes will be 105.063 plus accrued interest.

Mattel is a Hawthorne, Calif.-based toy manufacturer.

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