Concerns have also been raised about the write-off of £584.5m in loans owed by a Toys R Us firm based in the British Virgin Islands as part of a group reorganisation last year and what impact this.
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Toys “R” Us planned to issue the loans at par, according to Bloomberg data. Kathleen Waugh, a spokeswoman for Toys “R” US, didn’t immediately return a telephone message left at her office after.
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WILMINGTON, Del (Reuters) – The U.S. Bankruptcy judge overseeing the Chapter 11 of Toys R’ Us said on Tuesday he would approve the company’s request to borrow more than $2 billion to help stabilize.
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