Mattel 2001 Annual Report Download - page 62

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Long-Term Debt
Mattel’s long-term debt consists of the following (in thousands):
As of Year End
2001 2000
Euro notes due 2002 ............................................... $ 177,900 $ 190,710
Unsecured term loan due 2003 ........................................ 200,000 200,000
6% senior notes due 2003 ........................................... 150,000 150,000
6-1/8% senior notes due 2005 ........................................ 150,000 150,000
Medium-term notes ................................................ 510,000 540,500
10.15% mortgage note due 2005 ...................................... 41,686 42,380
Other .......................................................... 1,423 1,529
1,231,009 1,275,119
Less: current portion ........................................... (210,090) (32,723)
Total long-term debt ........................................ $1,020,919 $1,242,396
In 2000, Mattel completed an offering in Europe of Euro 200 million aggregate principal amount of notes
due July 2002. Interest is payable annually at the rate of Euro 6.625%. Mattel entered into a cross currency
interest rate swap to convert the interest and principal amounts from Euros to US dollars.
Medium-term notes have maturity dates from 2002 through 2013 and bear interest at fixed rates from
6.50% to 8.55%.
Mattel repaid its $100.0 million of 6-3/4% senior notes upon maturity in May 2000. Additionally, Mattel
repaid $201.0 million of outstanding 5-1/2% senior convertible notes (‘‘5-1/2% Notes’’) upon maturity in
November 2000.
Scheduled Maturities
The aggregate amounts of long-term debt maturing in the next five years are as follows (in thousands):
Senior
Notes
MT
Notes
Mortgage
Note Other Total
2002 ..................................... $177,900 $ 30,000 $ 767 $1,423 $ 210,090
2003 ..................................... 350,000 30,000 849 — 380,849
2004 ..................................... — 50,000 939 — 50,939
2005 ..................................... 150,000 — 39,131 — 189,131
2006 ..................................... — 50,000 — — 50,000
Thereafter ................................. — 350,000 — — 350,000
Total ................................. $677,900 $510,000 $41,686 $1,423 $1,231,009
Note 5—Stockholders’ Equity
Preference Stock and Preference Share Purchase Rights
Mattel is authorized to issue up to 20.0 million shares of $0.01 par value preference stock, of which none
is currently outstanding. There are 2.0 million shares of $0.01 par value preference stock designated as Series E
Junior Participating Preference Stock in connection with a distribution of Preference Share Purchase Rights (the
‘‘Rights’’) to Mattel’s common stockholders. The Rights expired on February 17, 2002.
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