Popular toy retailer Toys R Us is looking to potentially file for bankruptcy due to its massive debt.
MSNBC reports the company currently owes $5 billion, $400 million of which is due by next year. Toys R Us has hired law firm Kirkland & Ellis to help weigh restructuring options and deal with the debt, which can be anything from bankruptcy filing to possibly raising enough finances to cover the money owed.
"As we previously discussed on our first quarter earnings call, Toys R Us is evaluating a range of alternatives to address our 2018 debt maturities, which may include the possibility of obtaining additional financing," Toys R Us spokeswoman Amy von Walter said in a statement.
Continue reading…
Continue reading...
MSNBC reports the company currently owes $5 billion, $400 million of which is due by next year. Toys R Us has hired law firm Kirkland & Ellis to help weigh restructuring options and deal with the debt, which can be anything from bankruptcy filing to possibly raising enough finances to cover the money owed.
"As we previously discussed on our first quarter earnings call, Toys R Us is evaluating a range of alternatives to address our 2018 debt maturities, which may include the possibility of obtaining additional financing," Toys R Us spokeswoman Amy von Walter said in a statement.
Continue reading…
Continue reading...