---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-23-000613"
form_type: "8-K"
ticker: "JAKK"
cik: "0001009829"
company_name: "JAKKS PACIFIC INC"
filed_at: "2023-06-06T23:59:59+00:00"
generated_at: "2026-06-14T06:16:25.272622+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001185185-23-000613
- form_type: 8-K
- ticker: JAKK
- cik: 0001009829
- company_name: JAKKS PACIFIC INC
- filed_at: 2023-06-06T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1009829/000118518523000613/0001185185-23-000613-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1009829/000118518523000613/jakkspacif20230605_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-23-000613
- JSON: https://secwatch.observer/filing/0001185185-23-000613.json
- Plain text: https://secwatch.observer/filing/0001185185-23-000613.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.