JAKKS Pacific repays $30.5M term loan in full, expects $1.2M annual cash savings

JAKKS PACIFIC INC

Repaid $30.5M Term Loan from Benefit Street Partners using cash on hand on June 5, 2023.
Prepayment expected to save ~$1.2M in cash interest expense for remainder of fiscal year.
Will accelerate ~$0.7M of non-cash deferred financing costs to Q2 2023.
Maintains $30.2M excess borrowing availability under JPMorgan ABL credit line as of March 31, 2023.
CEO cites milestone in building financially strong, self-sustaining company.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.