Mattel enters US$1.6B credit facility with Bank of America

On December 20, 2017, Bank of America, N.A. entered into a senior secured revolving credit facility (the Credit Facility) in the amount of US$1,600,000,000 in favour of Mattel, Inc. (the Company) and certain of its subsidiaries.

The Credit Facility provides for $1,600,000,000 in aggregate principal amount of senior secured revolving credit facilities, consisting of an asset-based lending facility with aggregate commitments of $1,306,000,000 and a revolving credit facility with $294,000,000 in aggregate commitments secured by certain fixed assets and intellectual property of the US borrowers and certain equity interests in various subsidiaries of the Company.

Mattel, Inc. designs, manufactures and markets a broad variety of toy products worldwide, which are sold to its customers and directly to consumers.

Mattel is the owner of a portfolio of global brands and its products are among the most widely recognized toy products in the world, including American Girl®, Barbie®, Fisher-Price®, Hot Wheels® and Thomas & Friends™.

Norton Rose Fulbright represented Bank of America, N.A. with teams in both Canada and the United Kingdom. The team in Canada consisted of Arnold Cohen, Matthew Lippa and Simone Nash. The team in the United Kingdom consisted of Michael Black, Alex Dunn, Helen Masri and Charlotte Davies.

McGuireWoods LLP represented Bank of America, N.A. in the United States with a team consisting of Hamid Namazie, Charles Scheer, Yoojin Lee and Brian Kim.

Latham & Watkins LLP represented Mattel, Inc. in the United States with a team consisting of Glen Collyer, Shane Alexander and Jonathan Shih.

McCarthy Tétrault LLP represented Mattel, Inc. in Canada. The McCarthy Tétrault team consisted of Richard Higa and Cristina Arantes.