Toys “R” Us Closes $3.1 Billion DIP
The bankrupt toy retailer closed on a financing facility that will enable it to stock up for Holiday as well as invest in the store renovation and modernization and e-commerce initiatives management considers essential to enable it to compete with Amazon. Toys “R” Us’ existing lenders and a JPMorgan-led bank syndicate are providing the funds, with $2.2 billion receiving ... Log in to view full article.
