Jakks Pacific Retires $27.59 Million of Company’s Convertible Senior Notes

Jakks Pacific Inc. agreed, with a holder of its Convertible Senior Notes due in 2018, to exchange $27.59 million face amount of such notes for 2.0 million shares of its common stock and approximately $17.1 million in cash. After this exchange, the balance of the face amount of the 2018 notes will be reduced to $66.3 million, from approximately $93.9 million.

About the author

Maddie Michalik

Maddie Michalik

Maddie Michalik was the Editor-in-Chief of The Toy Book from 2020-2022. She was also a Senior Editor at The Toy Insider and The Pop Insider.

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