Thursday, September 28, 2017

Toys `R' Us Said to Receive a Cheaper Rate on Bankruptcy Loan

toys-r-usToys “R” Us Inc. is close to getting a cheaper rate on an operating loan that could help with the retail chain’s efforts reorganize in bankruptcy, according to a person with knowledge of the matter.

While the company has a total of $3.1 billion in bankruptcy financing, including a $1.85 billion asset-backed revolver, the improved rate comes on a $450 million term loan.. . . more

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