---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-25-000688"
form_type: "8-K"
ticker: "JAKK"
cik: "0001009829"
company_name: "JAKKS PACIFIC INC"
filed_at: "2025-06-25T23:59:59+00:00"
generated_at: "2026-05-18T18:53:05.377189+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001185185-25-000688
- form_type: 8-K
- ticker: JAKK
- cik: 0001009829
- company_name: JAKKS PACIFIC INC
- filed_at: 2025-06-25T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1009829/000118518525000688/0001185185-25-000688-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1009829/000118518525000688/jakk8k062525.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-25-000688
- JSON: https://secwatch.observer/filing/0001185185-25-000688.json
- Plain text: https://secwatch.observer/filing/0001185185-25-000688.txt

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