Firm looks to raise $85 million through a private placement of convertible senior notes in 2014.
The notes will be convertible at any time only upon specified events. The notes may be settled, at Jakks’ election, in cash, shares of its common stock, or a combination of cash and shares of its common stock.
The new notes, due 2014, will be offered to qualified institutional buyers and the buyer will get a 30-day over-allotment option of up to $15 million notes, the company said.
THe firm will use the proceeds from this offering, along with cash on hand, to repurchase all or a portion of its convertible senior notes due 2023.
Advertisement
