Mattel 2013 Annual Report Download - page 88

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the principal amount of the notes being redeemed plus accrued and unpaid interest to but excluding the
redemption date, and (ii) a “make-whole” amount based on the yield of a comparable US Treasury security
plus 20 basis points. Mattel may redeem all or part of the 3.15% Senior Notes at any time or from time to time on
or after December 15, 2022 (three months prior to the maturity date for the 3.15% Senior Notes) at its option, at a
redemption price equal to 100% of the principal amount of the notes to be redeemed plus accrued and unpaid
interest to but excluding the redemption date.
Mattel’s long-term debt consists of the following:
December 31,
2013 2012
(In thousands)
Medium-term notes ..................................................... $ — $ 50,000
2008 Senior Notes ...................................................... — 350,000
2010 Senior Notes due October 2020 and October 2040 ........................ 500,000 500,000
2011 Senior Notes due November 2016 and November 2041 .................... 600,000 600,000
2013 Senior Notes due March 2018 and March 2023 ........................... 500,000 —
1,600,000 1,500,000
Less: current portion ................................................ — (400,000)
Total long-term debt .................................................... $1,600,000 $1,100,000
Mattel’s 2010 Senior Notes bear interest at fixed rates ranging from 4.35% to 6.20%, with a weighted
average interest rate of 5.275% as of December 31, 2013 and 2012. Mattel’s 2011 Senior Notes bear interest at
fixed rates ranging from 2.50% to 5.45%, with a weighted average interest rate of 3.975% as of December 31,
2013 and 2012. Mattel’s 2013 Senior Notes bear interest at fixed rates ranging from 1.70% to 3.15%, with a
weighted average interest rate of 2.425% as of December 31, 2013.
During 2013, Mattel repaid the remaining $350.0 million of its 2008 Senior Notes in connection with their
scheduled maturity. During 2013 and 2012, Mattel repaid $50.0 million of its Medium-term notes in connection
with their scheduled maturities.
The aggregate amount of long-term debt maturing in the next five years and thereafter is as follows:
2010
Senior
Notes
2011
Senior
Notes
2013
Senior
Notes Total
(In thousands)
2014 ............................................... $ — $ — $ — $ —
2015 ...............................................——— —
2016 ............................................... — 300,000 — 300,000
2017 ...............................................——— —
2018 ............................................... — — 250,000 250,000
Thereafter ........................................... 500,000 300,000 250,000 1,050,000
$500,000 $600,000 $500,000 $1,600,000
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.
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