SANTA MONICA, Calif., July 10, 2025 (GLOBE NEWSWIRE) -- JAKKS Pacific, Inc. (NASDAQ: JAKK) will announce its second quarter and first half 2025 financial results on Thursday, July 24, 2025 after the close of the stock market. The Company will hold a teleconference and webcast to discuss the results, and may also discuss future plans and prospects. JAKKS Pacific, Inc. invites analysts, investors and media to listen to the teleconference scheduled for 5:00 p.m. ET / 2:00 p.m. PT on July 24, 2025. A live webca ...

Core Viewpoint - JAKKS Pacific, Inc. has successfully refinanced its existing credit facility, securing a new $70 million cash flow-based revolving credit facility with BMO Bank NA, which will enhance liquidity and support the company's growth strategy [1][2][3]. Group 1: Credit Facility Details - The new credit facility replaces the previous $67.5 million revolving credit facility that was set to mature in June 2026 [2]. - The interest rate for the new facility is set at the Secured Overnight Financing Rate (SOFR) plus 150 basis points, with potential adjustments based on the company's net leverage ratio [2]. - This facility is secured by substantially all of the company's assets and can be utilized for working capital, capital expenditures, and other general corporate purposes [2]. Group 2: Management Commentary - The Chief Financial Officer of JAKKS Pacific highlighted that the new credit agreement offers improved covenants and increased liquidity, which is crucial given the seasonality of the business [3]. - The refinancing is expected to bolster the company's momentum in enhancing margins, cash flow, and EBITDA, ultimately driving shareholder value [3]. - The CFO expressed appreciation for the bank's support and confidence in the company's performance, emphasizing the flexibility the new facility provides to seize growth opportunities in a challenging economic environment [3]. Group 3: Company Overview - JAKKS Pacific, Inc. is a prominent designer, manufacturer, and marketer of toys and consumer products, headquartered in Santa Monica, California [4]. - The company offers a variety of proprietary brands and entertainment-inspired products, contributing positively to children's lives through its products and charitable efforts [4].