Faced with $400 million in debt that comes due next year, and eager to assure vendors of its solvency ahead of the holidays, Toys”R”Us has hired a law firm to help refinance or restructure its obligations. One option on the table is bankruptcy.
Toys R Us has hired a law firm to help restructure its roughly $400 million in debt due in 2018, a move that could include the marquee toy store filing for bankruptcy protection, sources familiar with the situation said Wednesday.