JAKKS Pacific refinances with $70M BMO cash-flow facility, replacing JPMorgan ABL

JAKKS PACIFIC INC

New $70M first-lien secured revolving credit facility with BMO Bank N.A., maturing June 2030.
Interest rate: SOFR plus 150 bps (or base rate plus 50 bps, subject to leverage grid).
Replaces $67.5M asset-based JPMorgan facility that was set to mature June 2026; no debt outstanding at close.
Facility secured by substantially all assets; used for working capital, capex, general corporate purposes.
CFO cites improved covenants and liquidity benefits for seasonal business, supporting growth strategy.

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