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Toys”R”Us taps law firm to weigh restructuring options- source – Business Insider

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

Category: RestructuringBy Insolvency GuardianSeptember 7, 2017

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Toys”R”Us taps law firm to weigh restructuring options: source – Business Insider


File Photo - The mostly empty shelves of a Toys
The mostly empty shelves of a Toys “R” Us flagship
store in Times Square are seen after it closed permanently in
Manhattan

Thomson
Reuters


By Jessica DiNapoli

NEW YORK (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 …

Read the full article at: http://www.businessinsider.com/r-toysrus-taps-law-firm-to-weigh-restructuring-options-source-2017-9

Category: RestructuringBy Insolvency GuardianSeptember 6, 2017

Post navigation

PreviousPrevious post:KBC personal insolvency ruling set to affect hundreds of cases – Irish TimesNextNext post:WFAN’s Carton Charged in Ticket Scheme to Pay Gambling Debts – Bloomberg

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July 17, 2024
SK Ecoplant to merge tech unit for group restructuring – Korea Economic Daily
July 16, 2024
Revenue negotiations on warehouse debt cited as reason for decline in small company restructurings, study says – The Irish Times
July 16, 2024
Over 200 jobs saved so far this year through small business restructuring process – Irish Examiner
July 15, 2024
Atos secures funding for rescue plan, lives to fight another day – The Register
July 15, 2024
McGrathNicol celebrates twenty years in business recovery – Consultancy.com.au
July 13, 2024
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