Mattel, Inc. Announces Pricing of Senior Notes Offering

Mattel, Inc. (NASDAQ: MAT) (“Mattel” or the “Company”) announced today the pricing of its underwritten public offering (the “Offering”) of $600,000,000 aggregate principal amount of 5.000% Senior Notes due 2030 (the “Notes”). The Notes will be senior, unsecured obligations of the Company and will mature on November 17, 2030. The Offering is expected to close on or about November 17, 2025, subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds of the Offering, together with cash on hand, to redeem all of its outstanding 3.375% Senior Notes due 2026 (the “Existing 2026 Notes”), and to pay related fees and expenses. This press release does not constitute an offer to purchase or a solicitation of an offer to sell the Existing 2026 Notes or a notice of redemption under the indenture governing the Existing 2026 Notes.

BofA Securities, Inc., Citigroup Global Markets Inc., Wells Fargo Securities, LLC, and Goldman Sachs & Co. LLC are acting as joint book-running managers for the Offering. Certain of the underwriters in this Offering, or their respective affiliates, may hold a portion of the Existing 2026 Notes, and, as a result of the contemplated use of proceeds from this Offering, may therefore receive a portion of the proceeds from this Offering.

The Offering was made pursuant to a shelf registration statement on Form S-3, as amended, which was filed by the Company with the Securities and Exchange Commission (the “SEC”) and became automatically effective upon filing on October 30, 2025. A preliminary prospectus supplement relating to the Offering has been filed with the SEC and a final prospectus supplement related to the Offering will be filed with the SEC. Copies of the final prospectus supplement and the accompanying prospectus relating to the securities being offered may be obtained by contacting: BofA Securities, Inc. toll-free at [phone], Citigroup Global Markets Inc. toll-free at [phone], Wells Fargo Securities, LLC toll-free at [phone], or Goldman Sachs & Co. LLC toll-free at [phone]. Before you invest, you should read the prospectus supplement and accompanying prospectus and other documents the Company has filed with the SEC for more complete information about the Company and the Offering.