Exhibit 10.1

Execution Copy

AMENDMENT NO. 1 TO SEVENTH AMENDED AND RESTATED

CREDIT AGREEMENT

This AMENDMENT NO. 1 TO SEVENTH AMENDED AND RESTATED CREDIT AGREEMENT, dated as
of June 15, 2017 (this “Agreement”; capitalized terms used herein without
definition having the meanings provided in Article I below), is entered into
among MATTEL, INC., a Delaware corporation (the “Company”), each Lender party
hereto and BANK OF AMERICA, N.A., as administrative agent (in such capacity, the
“Administrative Agent”) for the Lenders.

PRELIMINARY STATEMENTS:

The Company, the Lenders and the Administrative Agent are parties to that
certain Seventh Amended and Restated Credit Agreement dated as of June 8, 2015,
among the Company, the Lenders party thereto and the Administrative Agent (the
“Credit Agreement”).

The Company has advised the Administrative Agent and the Lenders that it desires
to amend certain provisions of the Credit Agreement as set forth below, and the
Administrative Agent and the Lenders signatory hereto (the “Consenting Lenders”)
are willing to effect such amendments on the terms and conditions contained in
this Agreement.

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, each party to this Agreement agrees, as
follows:

ARTICLE I

DEFINITIONS

1.01 Definitions. The following terms (whether or not underscored) when used in
this Agreement, including its preamble and recitals, shall have the following
meanings (such definitions to be equally applicable to the singular and plural
forms thereof):

“Administrative Agent” is defined in the Preamble.

“Agreement” is defined in the Preamble.

“Agreement Effective Date” means the date on which the conditions precedent to
the effectiveness of this Agreement as specified in Article III herein have been
satisfied.

“Company” is defined in the Preamble.

“Credit Agreement” means the Credit Agreement, as amended by this Agreement, as
the same may hereafter be further amended, amended and restated, supplemented or
otherwise modified.

“Consenting Lenders” is defined in the Preliminary Statements.

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“Lender” means each lender from time to time party to the Credit Agreement.

1.02 Other Definitions. Unless otherwise defined herein or the context otherwise
requires, terms used in this Agreement, including its preamble and recitals,
have the meanings provided in the Credit Agreement.

1.03 Other Interpretive Provisions. The rules of construction in Sections 1.03
through 1.07 of the Credit Agreement shall be equally applicable to this
Agreement.

ARTICLE II

AMENDMENTS

2.01 Amendments to Credit Agreement. Effective as of the Agreement Effective
Date, the Credit Agreement is hereby amended as follows:

(a) Section 1.02 of the Credit Agreement. Section 1.02 of the Credit Agreement
is hereby amended by amending the definition of “Defaulting Lender” (1) to
delete the “or” at the end of clause (d)(ii) thereof, and (2) to insert the
following at the end of clause (d)(iii) thereof:

“, or (iv) become the subject of a Bail-in Action”

(b) Section 1.02 of the Credit Agreement. Section 1.02 of the Credit Agreement
is hereby amended by adding the following new definitions in proper alphabetical
order:

““Amendment No. 1 Effective Date” means June 15, 2017”

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by
the applicable EEA Resolution Authority in respect of any liability of an EEA
Financial Institution.

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council
of the European Union, the implementing law for such EEA Member Country from
time to time which is described in the EU Bail-In Legislation Schedule.

“EEA Financial Institution” means (a) any credit institution or investment firm
established in any EEA Member Country which is subject to the supervision of an
EEA Resolution Authority, (b) any entity established in an EEA Member Country
which is a parent of an institution described in clause (a) of this definition,
or (c) any financial institution established in an EEA Member Country which is a
subsidiary of an institution described in clauses (a) or (b) of this definition
and is subject to consolidated supervision with its parent.

“EEA Member Country” means any of the member states of the European Union,
Iceland, Liechtenstein, and Norway.

 

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“EEA Resolution Authority” means any public administrative authority or any
person entrusted with public administrative authority of any EEA Member Country
(including any delegee) having responsibility for the resolution of any EEA
Financial Institution.

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule
published by the Loan Market Association (or any successor person), as in effect
from time to time.

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution
Authority, the write-down and conversion powers of such EEA Resolution Authority
from time to time under the Bail-In Legislation for the applicable EEA Member
Country, which write-down and conversion powers are described in the EU Bail-In
Legislation Schedule.”

(c) Article V of the Credit Agreement. Article V of the Credit Agreement is
hereby amended by adding the following new Section 5.22 at the end thereof:

“5.22 EEA Financial Institutions. Neither the Company nor any Guarantor is an
EEA Financial Institution.”

(d) Section 7.05 of the Credit Agreement. Section 7.05 of the Credit Agreement
is hereby amended by deleting Section 7.05 in its entirety and substituting in
lieu thereof the following:

“7.05 Leverage Ratio. The Company shall not permit, as of the last day of each
fiscal quarter, the ratio of (a) Consolidated Funded Indebtedness as of such
date to (b) Consolidated EBITDA for the four consecutive fiscal quarters ending
on such date, to be greater than the ratio set forth below opposite such period:

 

Computation Period Ending

   Maximum Leverage
Ratio

From Amendment No. 1 Effective Date through the first fiscal quarter in 2018:

   3.75 to 1.0

For the second fiscal quarter in 2018 and each fiscal quarter thereafter:”

   3.50 to 1.0

(e) Article X of the Credit Agreement. Article X of the Credit Agreement is
hereby amended by adding the following new Section 10.19 at the end thereof:

“10.19 Acknowledgement and Consent to Bail-In of EEA Financial Institutions.
Solely to the extent any Lender that is an EEA Financial Institution is a party
to this Agreement and notwithstanding anything to the contrary in any Loan
Document or in any other agreement, arrangement or understanding among any such
parties, each party hereto acknowledges that any liability of any Lender

 

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that is an EEA Financial Institution arising under any Loan Document, to the
extent such liability is unsecured, may be subject to the write-down and
conversion powers of an EEA Resolution Authority and agrees and consents to, and
acknowledges and agrees to be bound by:

(a) the application of any Write-Down and Conversion Powers by an EEA Resolution
Authority to any such liabilities arising hereunder which may be payable to it
by any Lender that is an EEA Financial Institution; and

(b) the effects of any Bail-In Action on any such liability, including, if
applicable:

(i) a reduction in full or in part or cancellation of any such liability;

(ii) a conversion of all, or a portion of, such liability into shares or other
instruments of ownership in such EEA Financial Institution, its parent
undertaking, or a bridge institution that may be issued to it or otherwise
conferred on it, and that such shares or other instruments of ownership will be
accepted by it in lieu of any rights with respect to any such liability under
this Agreement or any other Loan Document; or

(iii) the variation of the terms of such liability in connection with the
exercise of the write-down and conversion powers of any EEA Resolution
Authority.”

(f) Other Loan Documents. From and after the Agreement Effective Date, each
reference to the Credit Agreement in any Loan Document shall be a reference to
the Credit Agreement, as amended by this Agreement, as the same may hereafter be
further amended, amended and restated, supplemented or otherwise modified.

ARTICLE III

CONDITIONS PRECEDENT

3.01 Conditions to Effectiveness. This Agreement is subject to the provisions of
Section 10.01 of the Credit Agreement, and shall become effective, when, and
only when, each of the following conditions shall have been satisfied:

(a) Deliveries. The Administrative Agent shall have received all of the
following documents, each such document (unless otherwise specified) dated the
Agreement Effective Date and, each in form and substance satisfactory to the
Administrative Agent:

(i) Agreement. Counterparts of this Agreement executed by the Company, the
Administrative Agent and the Required Lenders; and

 

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(ii) Officer’s Certificate. A certificate executed by a Responsible Officer of
the Company, dated as of the Agreement Effective Date, certifying that:

(A) the representations and warranties of the Company contained in Article V
(except the representation and warranty contained in Section 5.09) of the Credit
Agreement are true, correct and complete in all material respects (except, if
such representation or warranty is qualified by materiality, Material Adverse
Effect or a similar concept applies, such representation or warranty is true,
correct and complete in all respects) on and as of such date, as though made on
and as of such date, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they are true,
correct and complete in all material respects (except, if such representation or
warranty is qualified by materiality, Material Adverse Effect or a similar
concept applies, such representation or warranty is true, correct and complete
in all respects) as of such earlier date; and

(B) no Default or Event of Default exists or would result from the effectiveness
of this Agreement.

(b) Consent Fee. The Administrative Agent shall have received, for the ratable
account of each Consenting Lender that has executed and delivered a counterpart
hereof to the Administrative Agent on or prior to 12:00 p.m. Eastern Time on
June 15, 2017 (the “Deadline”), a fee equal to 0.025% of such Lender’s undrawn
Commitment and amount of outstanding Loans on the Agreement Effective Date (such
fees, the “Consent Fees”). The Consent Fees shall be payable in U.S. dollars in
immediately available funds as directed by the Administrative Agent. Once paid,
no Consent Fees shall be refundable under any circumstances. For the avoidance
of doubt, no Consent Fee shall be payable to any Lender that does not consent to
this Agreement prior to the Deadline.

(c) Costs and Expenses. The Administrative Agent shall have received payment for
the costs and expenses required to be reimbursed on or before the Agreement
Effective Date pursuant to Section 5.04 hereof.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

In order to induce the Lenders to enter into this Agreement, the Company hereby
represents and warrants to the Administrative Agent and each Lender for itself
and each of its Subsidiaries that on and as of the Agreement Effective Date
after giving effect to this Agreement:

4.01 Due Authorization; No Conflict. The execution, delivery and performance by
the Company of this Agreement and the performance by the Company of this
Agreement and the Credit Agreement have been duly authorized by all necessary
corporate or other organizational action of the Company, and do not and will
not: (a) violate the Restated Certificate of Incorporation or Amended and
Restated Bylaws of the Company, (b) violate any provision of law applicable to
the Company, or any material order, judgment or decree of any court or other
agency of government binding on the Company, the violation of which would result
in a Material Adverse Effect, (c) conflict with, result in a breach of or
constitute (with due notice or lapse of

 

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time or both) a default under any material Contractual Obligation of the
Company, (d) result in or require the creation or imposition of any material
lien, security interest, charge or encumbrance of any nature whatsoever upon any
of its material properties or assets, or (e) require any approval of
stockholders or any approval or consent of any Person under any Contractual
Obligation of the Company.

4.02 Enforceability. Each of this Agreement and the Credit Agreement constitute
a legal, valid and binding obligation of the Company, enforceable against the
Company in accordance with its terms, except as enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium or similar laws or
equitable principles relating to or limiting creditors’ rights generally.

4.03 Credit Agreement Representations. The representations and warranties of the
Company contained in Article V (except the representation and warranty contained
in Section 5.09) of the Credit Agreement are true and correct in all material
respects (except, if such representation or warranty is qualified by
materiality, Material Adverse Effect or a similar concept applies, such
representation or warranty is true and correct in all respects) on and as of the
Agreement Effective Date with the same effect as if made on and as of such
Agreement Effective Date (except to the extent such representations and
warranties expressly refer to an earlier date, in which case they shall be true
and correct in all material respects (except, if such representation or warranty
is qualified by materiality, Material Adverse Effect or a similar concept
applies, such representation or warranty is true and correct in all respects) as
of such earlier date).

4.04 No Default. No Default or Event of Default has occurred and is continuing
or resulted from the consummation of the transactions contemplated by this
Agreement.

ARTICLE V

MISCELLANEOUS

5.01 Loan Document. This Agreement is a Loan Document executed pursuant to the
Credit Agreement and shall (unless otherwise expressly indicated herein) be
construed, administered and applied in accordance with the terms and provisions
thereof.

5.02 Lender Consent. For purposes of determining compliance with the conditions
specified in Section 3.01, each Lender that has signed this Agreement shall be
deemed to have consented to, approved or accepted or to be satisfied with, each
document or other matter required hereunder to be consented to or approved by or
acceptable or satisfactory to a Lender unless the Administrative Agent shall
have received notice from such Lender prior to the proposed Agreement Effective
Date specifying its objection thereto.

5.03 Effect of Agreement. (a) The Credit Agreement, as specifically amended or
otherwise modified by this Agreement, is and shall continue to be in full force
and effect and is hereby in all respects ratified and confirmed.

(b) The execution, delivery and effectiveness of this Agreement shall not,
except as expressly provided herein, operate as a waiver of any right, power or
remedy of any Lender or the Administrative Agent under the Credit Agreement, nor
constitute a waiver of any provision of the Credit Agreement.

 

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5.04 Costs and Expenses. The Company agrees to pay the costs and expenses of the
Administrative Agent in connection with the preparation, execution and delivery
of this Agreement and the other instruments and documents to be delivered
hereunder (including, without limitation, the reasonable fees and expenses of
counsel for the Administrative Agent) in accordance with and subject to the
terms of Section 10.04 of the Credit Agreement.

5.05 Section Captions. Section captions used in this Agreement are for
convenience of reference only, and shall not affect the construction of this
Agreement.

5.06 Counterparts. This Agreement may be executed in one or more counterparts,
each of which shall be deemed an original, but all of which shall constitute one
and the same instrument. Delivery of an executed counterpart of a signature page
of this Agreement by telecopy or other electronic means shall be effective as
delivery of a manually executed counterpart of this Agreement.

5.07 Severability. The illegality or unenforceability of any provision of this
Agreement or any instrument or agreement required hereunder shall not in any way
affect or impair the legality or enforceability of the remaining provisions of
this Agreement or any instrument or agreement required hereunder.

5.08 Certain Provisions. The provisions of Sections 10.14 and 10.15 of the
Credit Agreement are hereby incorporated by reference.

[Signature pages follow]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
by their respective officers thereunto duly authorized, as of the date first
above written.

 

COMPANY:    MATTEL, INC.   

By:

  

/s/ Mandana Sadigh

Name: Mandana Sadigh

Title:   Senior Vice President and Treasurer

 

Mattel, Inc.

Amendment No. 1 to Seventh Amended and Restated Credit Agreement

Signature Page

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BANK OF AMERICA, N.A., as the Administrative Agent

 

By  

/s/ Erik M. Truette

  Name: Erik M. Truette   Title:   Vice President

 

BANK OF AMERICA, N.A., as a Lender

 

By  

/s/ J. Casey Cosgrove

  Name: J. Casey Cosgrove   Title:   Director

 

Mattel, Inc.

Amendment No. 1 to Seventh Amended and Restated Credit Agreement

Signature Page

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CITIBANK, N.A., as a Lender

 

By  

/s/ Carolyn Kee

  Name: Carolyn Kee   Title:   Vice President

 

Mattel, Inc.

Amendment No. 1 to Seventh Amended and Restated Credit Agreement

Signature Page

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WELLS FARGO BANK, N. A., as a Lender

 

By  

/s/ Maribelle Villaseñor

  Name: Maribelle Villaseñor   Title:   Director

 

Mattel, Inc.

Amendment No. 1 to Seventh Amended and Restated Credit Agreement

Signature Page

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MIZUHO CORPORATE BANK, LTD., as a Lender By  

/s/ Tracy Rahn

  Name: Tracy Rahn   Title:   Authorized Signatory

 

Mattel, Inc.

Amendment No. 1 to Seventh Amended and Restated Credit Agreement

Signature Page

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MUFG UNION BANK, N.A., as a Lender By  

/s/ Lauren Hom

  Name: Lauren Hom   Title:   Director

 

Mattel, Inc.

Amendment No. 1 to Seventh Amended and Restated Credit Agreement

Signature Page

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ROYAL BANK OF CANADA, as a Lender By  

/s/ Gordon MacArthur

  Name: Gordon MacArthur   Title:   Authorized Signatory

 

Mattel, Inc.

Amendment No. 1 to Seventh Amended and Restated Credit Agreement

Signature Page

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HSBC BANK USA, NATIONAL ASSOCIATION,

as a Lender

By  

/s/ Eric Seltenrich

  Name: Eric Seltenreich   Title:   Director

 

Mattel, Inc.

Amendment No. 1 to Seventh Amended and Restated Credit Agreement

Signature Page

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MORGAN STANLEY BANK, N.A., as a Lender By  

/s/ Emmanuel Ma

  Name: Emmanuel Ma   Title:   Executive Director

 

Mattel, Inc.

Amendment No. 1 to Seventh Amended and Restated Credit Agreement

Signature Page

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KEYBANK NATIONAL ASSOCIATION, as a Lender By  

/s/ Marianne T. Meil

  Name: Marianne T. Meil   Title:   Senior Vice President

 

Mattel, Inc.

Amendment No. 1 to Seventh Amended and Restated Credit Agreement

Signature Page

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MANUFACTURERS & TRADERS TRUST

COMPANY, as a Lender

By  

/s/ Lauren J. Schellinger

  Name: Lauren J. Schellinger   Title:   Vice President

 

Mattel, Inc.

Amendment No. 1 to Seventh Amended and Restated Credit Agreement

Signature Page

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THE BANK OF NOVA SCOTIA, as a Lender

By  

/s/ Michael Grad

  Name: Michael Grad   Title:   Director

 

Mattel, Inc.

Amendment No. 1 to Seventh Amended and Restated Credit Agreement

Signature Page

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U.S. BANK NATIONAL ASSOCIATION, as a

Lender

By  

/s/ Glenn Leyrer

  Name: Glenn Leyrer   Title:   Vice President

 

Mattel, Inc.

Amendment No. 1 to Seventh Amended and Restated Credit Agreement

Signature Page

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BRANCH BANKING AND TRUST COMPANY, as a Lender By  

/s/ Sarah Bryson

  Name: Sarah Bryson   Title:   Senior Vice President

 

Mattel, Inc.

Amendment No. 1 to Seventh Amended and Restated Credit Agreement

Signature Page

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DBS BANK LTD., as a Lender By  

/s/ Yeo How Ngee

  Name: Yeo How Ngee   Title:   Managing Director

 

Mattel, Inc.

Amendment No. 1 to Seventh Amended and Restated Credit Agreement

Signature Page

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SOCIÉTÉ GÉNÉRALE, as a Lender By  

/s/ Nigel Elvey

  Name: Nigel Elvey   Title:   Director

 

Mattel, Inc.

Amendment No. 1 to Seventh Amended and Restated Credit Agreement

Signature Page