International team advises Bank of America on US$1.6bn credit facility in favour of Mattel Inc.

December 20, 2017

Client: Bank of America, N.A.

Our Montreal, Toronto and London offices advises Bank of America, N.A. in connection with a senior secured revolving credit facility in the amount of US$1,600,000,000 in favour of Mattel, Inc. 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 U.S. 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.

The team included Arnold Cohen, Matthew Lippa, Michael Black, Alex Dunn, Helen Masri and Charlotte Davies (United kingdom).