Toys ‘R’ Us Extends Debt Swap Early Deadline for Noteholders

  • So far, 76% of 2017 notes signed up for offer’s 12% interest
  • Less than half of 2018 series are tendered as holders balk

Toys “R” Us Inc., beset by rivals and still burdened by debt tied to its leveraged buyout from a decade ago, is extending a deadline for a debt swap designed to buy more time for its turnaround plan.

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