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-0.00201612903225802 -0.00302419354838709 -0.00403225806451616 -0.00436827956989244 -0.00470430107526884 0.00100806451612907 0.00134408602150535 0.00772849462365593
Stock impact report

Mattel amends credit agreement with banks after Toys 'R' Us bankruptcy [MarketWatch]

Mattel, Inc. (MAT) 
Last mattel, inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/mattel
Company Research Source: MarketWatch
Mattel amends credit agreement with banks after Toys 'R' Us bankruptcy Mattel Inc. MAT, -0.73% has amended its credit agreement to remove the ratio of consolidated debt to consolidated earnings before interest, taxes, depreciation and amortization that's required for fiscal third quarter 2017, in the wake of the Toys 'R' Us bankruptcy. The amendment also increased the ratio that Mattel is required to maintain during a covenant modification period to 4.50 to 1.00 for the fiscal fourth quarter and 4.25 to 1.00 for each quarter thereafter. The covenant modification period begins on September 20 and continues through the fiscal fourth quarter, at a minimum. After that, Mattel will have to request a termination of the covenant and demonstrate a debt to EBITDA ratio of 3.75 to 1.00 or less for the period including the preceding four consecutive fiscal quarters. Mattel is one of Toys 'R' Us' biggest trade creditors at $135.6 million . Mattel shares are down 45.5% for the year so far while Show less Read more
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