Mattel loosens debt covenants after Toys ‘R’ Us bankruptcy

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Mattel loosens debt covenants after Toys ‘R’ Us bankruptcy

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Luca Amico, 6, plays with Hot Wheels Ultimate Garage at the DreamToys 2016 event held at St Mary's Church, Marylebone, London. | Jonathan Brady/PA Archive/PA Images

Toymaker Mattel has loosened the terms of its revolving credit facility for the second time this year after key buyer Toys ‘R’ Us filed for chapter 11 bankruptcy on Monday.

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