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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 27, 2000
Toymax International, Inc.
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(Exact name of Registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
0-23215 11-3391335
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(Commission File Number) (I.R.S. Employer Identification No.)
125 E. Bethpage Road, Plainview, New York 11803
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(Address of principal executive offices) (ZipCode)
Registrant's telephone number, including area code (516) 391-9898
Not Applicable
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On December 27, 2000, Toymax Inc., Go Fly A Kite, Inc., Monogram
International, Inc. and Funnoodle, Inc. (collectively, the "Companies"), U.S.
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based operating subsidiaries of Toymax International, Inc. (the "Registrant")
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entered into a financing agreement with The CIT Group Commercial Services, Inc.
("CIT") and Fleet Capital Corporation as lenders with CIT also acting as agent,
providing for a three year $40 million asset based financing (the "Financing")
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secured by the receivables, inventory, equipment and all other tangible and
intangible property of the Companies and guaranteed by the Registrant. The
Financing replaces two prior financing facilities which provided for a revolving
line of credit in an amount of up to $35 million.
Item 7. Exhibits.
99.1 Press release of the Registrant dated January 10, 2001.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Toymax International, Inc.
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(Registrant)
Date: January 10, 2001 By: /s/ William A. Johnson, Jr.
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William A. Johnson, Jr.
Chief Financial Officer and Treasurer
