According to a regulatory filing, toymaker Mattel increased its revolving line of credit to $1.6 billion from $1.4 billion, reducing the interest rate and extending the maturity. The amended credit agreement provides for an accordion feature that allows Mattel to increase the aggregate availability to $1.85 billion.

The lender group was led by Bank of America as administrative agent. Wells Fargo and Citibank acted as co-syndication agents. Societe Generale, Union Bank and Mizuho Corporate Bank acted as co-documentation agents. Merrill Lynch, Wells Fargo Securities and Citigroup acted as joint lead arrangers and joint book managers.

According to the filing, Mattel will pay interest ranging from 0.875% to 1.75% above the applicable LIBOR rate for Eurodollar rate loans. Bloomberg noted in a related report that under the previous facility, Mattel was paying 1.25% to 2.50% over LIBOR. Commitment fees were reduced to a range of 0.08% to 0.275%. The loan which was due March 2015 will mature in March 2018.