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Toys 'R' Us Seeks Help With Its Debt
- Wall Street Journal, Friday, September 8, 2017 8:01 AM
Toys “R” Us Inc. has retained lawyers from Kirkland & Ellis LLP to help restructure $400 million in debt due next year, a person familiar with the matter told the Wall Street Journal, the latest move by the toy chain as it struggles with growing online competition. The Wayne, N.J.-based retailer has been burdened with debt since private-equity owners Bain Capital, KKR & Co. and Vornado Realty Trust took it private in 2005 for $6.6 billion.
