By Jessica DiNapoli
NEW YORK, Sept 6 (Reuters) – Toys”R”Us Inc has hired law
firm Kirkland & Ellis LLP to help weigh restructuring options
ranging from a bankruptcy filing to raising financing as bricks
and mortar retail goes through a major downturn, according to a
person familiar with the matter.
The privately held toy retailer had previously said it was
working with investment bank Lazard Ltd to help address its
approximately $5 billion in debt, of which roughly $400 million
comes due next year.
The person could not be identified because the law firm’s
hiring is not yet public.
In a statement, the company said it would provide an update
on how it planned to deal with its debt when it announced seco…
Read the full article at: http://www.businessinsider.com/r-toysrus-taps-law-firm-to-weigh-restructuring-options–source-2017-9
