April 11, 2018 / 10:32 PM / 14 days ago

BRIEF-Toys 'R' Us Receives Commitment For $80 Mln In Incremental Financing To Support Asia & Central Europe Operations

April 11 (Reuters) - Toys R US Inc (IPO-TOYS.N):

* TOYS”R”US RECEIVES COMMITMENT FOR $80 MILLION IN INCREMENTAL FINANCING TO SUPPORT ASIA AND CENTRAL EUROPE OPERATIONS

* WITH NEW COMMITMENT, ON A PRO FORMA BASIS AS OF MARCH 3, LIQUIDITY IN ASIA AND CENTRAL EUROPE WOULD EXCEED $330 MILLION

* RECEIVED COMMITMENT FROM ITS TAJ NOTEHOLDERS FOR $80 MLN IN INCREMENTAL DEBTOR-IN-POSSESSION FINANCING

* BELIEVES ASIAN AND CENTRAL EUROPEAN OPERATIONS HAVE SUFFICIENT LIQUIDITY TO FUND CURRENT OPERATIONS BASED ON HISTORICAL TRENDS Source text for Eikon: Further company coverage:

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below