Mattel 2003 Annual Report Download - page 80

Medium-term notes have maturity dates from 2004 through 2013 and bear interest at fixed rates from 6.50%
to 8.55%. During 2003 and 2002, Mattel repaid $30.0 million in each year of medium-term notes upon maturity.
During 2003, Mattel repaid its $150.0 million, 6% senior notes upon maturity. During 2002, Mattel repaid
its Euro 200 million aggregate principal amount of notes upon maturity and its $200.0 million unsecured term
loan.
Scheduled Maturities
The aggregate amount of long-term debt maturing in the next five years is as follows (in thousands):
Senior
Notes
MT
Notes
Mortgage
Note Other Total
2004 .......................................... $ — $ 50,000 $ 939 $1,335 $ 52,274
2005 .......................................... 150,000 — 39,130 — 189,130
2006 .......................................... — 50,000 — — 50,000
2007 .......................................... — 50,000 — — 50,000
2008 .......................................... — 50,000 — — 50,000
Thereafter ...................................... — 250,000 — — 250,000
Total ...................................... $150,000 $450,000 $40,069 $1,335 $641,404
Note 6—Stockholders’ Equity
Preference Stock
Mattel is authorized to issue up to 20.0 million shares of $0.01 par value preference stock, of which none is
currently outstanding.
Preferred Stock
Mattel is authorized to issue up to 3.0 million shares of $1.00 par value preferred stock, of which none is
currently outstanding.
Special Voting Preferred Stock and Related Exchangeable Shares
Mattel is authorized to issue one share of $1.00 par value Special Voting Preferred Stock, which was issued
in exchange for one share of Learning Company special voting stock in connection with the May 1999 merger.
The par value and liquidation preference of the Special Voting Preferred Stock are $1.00 and $10.00 per share,
respectively. The Special Voting Preferred Stock was redeemed for $10.00 on January 7, 2003, the automatic
redemption date for the exchangeable shares of Softkey Software Products Inc., Mattel’s indirect wholly-owned
Canadian subsidiary.
As of year end 2002, there were 260.7 thousand outstanding exchangeable shares that were not owned by
Mattel, its subsidiaries or any entity controlled by Mattel. On June 27, 2002, the board of directors of Softkey
Software Products Inc. accelerated the automatic redemption date of its outstanding exchangeable shares.
Concurrently, Mattel exercised its right to acquire these exchangeable shares on the automatic redemption date.
On January 7, 2003, Mattel acquired all exchangeable shares not previously exchanged by issuing
312.8 thousand shares of Mattel common stock. As of year end 2003, there were no exchangeable shares
outstanding.
During 2003, 2002 and 2001, 260.7 thousand, 674.3 thousand and 622.5 thousand exchangeable shares,
respectively, were exchanged by the holders into common stock at the rate of 1.2 common shares of Mattel per
exchangeable share.
71