JAKKS Pacific (JAKK) announced that on June 24, 2025 it refinanced its existing asset-based revolving credit facility with a new cash flow based first lien secured revolving credit facility with BMO Bank NA with a term ending in 2030. The new first lien secured credit facility replaced the Company’s existing $67.5 million revolving credit facility maturing in June 2026. Any amounts borrowed under the new credit facility will have an interest rate equal to the applicable Secured Overnight Financing Rate plus 150 basis points. The new credit facility is secured by substantially all of the assets of the Company and may be used for working capital, capital expenditures and other general corporate purposes. No indebtedness was outstanding on the existing facility.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JAKK:
- Jakks Pacific Holds Virtual Annual Stockholders Meeting
- Jakks Pacific: Strategic Growth and Attractive Valuation Drive Buy Recommendation
- Jakks Pacific’s Disguise announces contract extension with PhatMojo
- Jakks Pacific announces licensing partnership with Sonic, DC’s Justic League
- Jakks Pacific’s Earnings Call: Growth Amid Tariff Challenges