Fabrib
Forumer storico
Toys 'R' Us closes financing facilities
Sep. 26, 2017 4:09 AM ET|By: Yoel Minkoff, SA News Editor
Toys "R" Us has closed on $3.1B of financing facilities, from existing lenders and a JPMorgan-led bank syndicate, that will support the company's operations during its previously announced restructuring process.
That's good news for vendors Mattel (NASDAQ:MAT), Hasbro (NASDAQ:HAS) and JAKKS Pacific (NASDAQ:JAKK), as the debtor-in-possession financing will likely eliminate collection risk in the fourth quarter.
Sep. 26, 2017 4:09 AM ET|By: Yoel Minkoff, SA News Editor
Toys "R" Us has closed on $3.1B of financing facilities, from existing lenders and a JPMorgan-led bank syndicate, that will support the company's operations during its previously announced restructuring process.
That's good news for vendors Mattel (NASDAQ:MAT), Hasbro (NASDAQ:HAS) and JAKKS Pacific (NASDAQ:JAKK), as the debtor-in-possession financing will likely eliminate collection risk in the fourth quarter.