Toys ‘R’ Us Seeks $1.4 Billion of Term Loans Backing Refinancing
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Toys “R” Us Inc. is seeking as much as $1.38 billion in loans to refinance debt in a deal that will raise borrowing costs and push out maturities, according to a regulatory filing today.
The financing would include $1.025 billion of secured term loans due in five and a half years and $350 million of additional bank debt that will mature in five, the filing shows.