Thursday, September 7, 2017

Toys 'R' Us said to be weighing bankruptcy as an option

Image result for toys r usToys "R"  Us has hired a law firm that specializes in corporate restructurings to help it address looming debt payments.

CNBC reported Wednesday that the toy seller, which has over 800 Toys "R" Us and Babies "R" Us stores in the United States, was exploring a possible bankruptcy filing.

The company has hired the law firm Kirkland & Ellis to help it restructure $400 million in debt that comes due in 2018. If it can't refinance the debt, bankruptcy might be an option, but Toys has successfully refinanced large debt payments in the past.. . . more

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