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JAKKS Pacific reduces debt through stock exchange

Feb. 03, 2017 7:32 AM ETJAKKS Pacific, Inc. (JAKK) StockBy: Clark Schultz, SA News Editor
  • JAKKS Pacific (NASDAQ:JAKK) announces that it agreed with a holder of its convertible senior notes due in 2018 to exchange $11.548M face amount of the notes for 865K shares and ~$7M million in cash.
  • The balance of the face amount of the 2018 notes will be reduced to approximately $54.7M after the deal is completed.
  • Source: Press Release

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