COMPANIES
From Times Staff and Wire Reports
Mattel Acts to Cut Debt: The Los Angeles toy maker is calling in its 14 3/4% subordinated sinking fund debentures. The July 30 redemption and last month’s redemption of short-term auction rate preferred stock will together result in a $5.1-million charge to second-quarter earnings, Mattel said. The transactions will reduce interest expense by $4 million in the second half, it added.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
