GE Capital, Corporate Finance, an operating unit of
General Electric Company
), recently served as an administrative agent for a senior
secured credit facility worth $75 million for consumer goods
JAKKS Pacific, Inc.
). The debt financing will be utilized by JAKKS for its working
capital requirements to fuel further growth.
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Based in Malibu, CA, JAKKS develops and markets toys under
various owned, licensed, or non-licensed trademarks and brands.
These include diverse products such as action figures, vehicles,
playsets, dolls, accessories, electronic products, construction
toys, infant and pre-school toys, novelty toys, seasonal and
outdoor products, indoor and outdoor kids' furniture, and
Halloween and everyday costume play.
Since its inception in 1995, this toy manufacturer has emerged as
one of the top five U.S. players in the toys and leisure products
sector through innovative products, unique licensing agreements
and strategic acquisitions. The company aims to expand the
seasonality of it products by continuously adding new retail
outlets and leveraging its product development and merchandising
expertise on products that command a wider brand recall.
JAKKS will primarily use the credit facility to expand its
business. The company sells its products through in-house sales
staff and independent sales representatives to toy and
mass-market retail chain, department, office supply, club, and
toy specialty stores; and drug and grocery store chains and
wholesalers. Moving forward, JAKKS expects to benefit from
General Electric's industry insight to consolidate its
General Electric is one of the largest and most diversified
technology and financial services corporations in the world. With
products and services ranging from aircraft engines, power
generation, water processing, and security technology to medical
imaging, business and consumer financing, media content and
industrial products, the company serves over 100 million
Its segments include Power & Water, Oil & Gas, Energy
Management, Aviation, Healthcare, Transportation, Home &
Business Solutions, and GE Capital. GE Capital, Corporate Finance
provides asset-based, cash flow and structured loans to support
the working capital requirements of mid-size and large firms. It
focuses on key sectors such as 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.
General Electric currently has a Zacks Rank #4 (Sell). Other
companies in the industry that are worth mentioning include
), both holding a Zacks Rank #2 (Buy).