https://www.bloomberg.com/news/articles/2019-08-13/mattel-is-said-to-have-sought-delay-not-sc-apping-of-debt-deal
In a sign that Mattel Inc. isn’t too worried about the whistleblower letter that upended last week’s $250 million bond offering, the toymaker initially asked bankers to delay the sale for just a couple of days, according to people who have communicated with company officials.
The closing was sc-apped when at least one of the banks involved balked at a postponement because the bonds had already been priced, said the people, who asked not to be identified because the communications were private. An additional person familiar with the deal said the banks learned of the letter after the pricing. Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. were among the institutions involved.
Mattel is playing down the situation as a case of being overly cautious, the people said. The toymaker was made aware of the letter Aug. 6, just two days before the scheduled closing. Citing the need for more time to investigate the allegations, which haven’t been made public, the company disclosed on Aug. 8 that the deal had been canceled.
In the public filing, the company didn’t say how it learned of what it called an “anonymous whistleblower letter” or whether a regulator was involved. That’s because the notification came from a third party that’s outside of government, the people said of Mattel’s account.