SUBSCRIBERS
Mattel wins loan concessions in Toys 'R' Us bankruptcy aftermath
Published Fri, Sep 22, 2017 · 09:50 PM
New York
MATTEL Inc won some concessions on its US$1.6 billion credit line, just two days after Toys 'R' Us collapsed into a bankruptcy that reverberated through the retail industry.
The toymaker removed a requirement that it meet certain performance goals from the third fiscal quarter and widened a ratio allowing it to increase debt related to earnings from the quarter after that, according to a regulatory filing.…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try
Honda to invest US$808 million in Brazil by 2030
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
Telegram messaging service to allow Tether stablecoin payments