Daily News: March 31, 2014

GE Capital Agents $75MM JAKKS Pacific Facility

GE Capital, Corporate Finance announced it is serving as administrative agent on a $75 million senior secured credit facility for JAKKS Pacific.

The financing will be used for working capital, capital expenditures and general corporate purposes.

“We value GE Capital’s deep understanding of our business,” said Stephen Berman, president and CEO of JAKKS. “This expertise enabled them to provide us with the financing availability and flexibility we need to run our business.”

“JAKKS has a distinctive business model that enables it to succeed in the highly competitive and seasonal toy industry,” said Bob McCarrick, chief commercial officer—lending at GE Capital, Corporate Finance. “We specialize in working closely with clients to support their business objectives and continue their development.”

Malibu, CA-based JAKKS is a multi-brand company designs, develops, produces and markets toys, leisure products and writing instruments for children and adults.