GE Capital, Corporate Finance today announced it is serving as administrative agent on a $75 million senior secured credit facility for JAKKS Pacific, Inc. (NASDAQ:JAKK), a leading designer and marketer of toys and consumer products. The financing will be used for working capital, capital expenditures and general corporate purposes.
JAKKS is a multi-brand company based in Malibu, CA that has been designing, developing, producing and marketing toys, leisure products and writing instruments for children and adults around the world since 1995.
“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.”About GE Capital, Corporate Finance GE Capital, Corporate Finance provides asset-based, cash flow and structured loans and leases to mid-size and large U.S. businesses. Financing supports working capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors: Aerospace and defense; automotive and transportation; chemicals and plastics; construction and building products, corporate aircraft; energy; food and beverage; manufacturing; marine; metals and mining; paper, packaging and forest products; retail; and technology and electronics. With Access GE, clients also benefit from access to GE’s best practices to help build their business. Visit geccf.com/newsroom or follow @GELendLease on Twitter. GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapital). GE (NYSE:GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. For more information, visit ge.com.