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Toys ‘R’ Us details borrowing base numbers for period ended Aug. 26
By Caroline Salls
Pittsburgh, Sept. 20 – Toys “R” Us, Inc. calculated a $1,414,000,000 borrowing base for the period ended Aug. 26, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
That figure includes a $1,306,000,000 U.S. borrowing base and a $108 million Canadian borrowing base.
The company listed ABL availability as of Aug. 26 as $1,649,000,000 and first-in last-out availability of $436 million.
The borrowing base information was expected to be presented to lenders on Sept. 20.
Toys “R” Us is a Wayne, N.J., toy retailer. The company filed bankruptcy on Sept. 19 in the U.S. Bankruptcy Court for the Eastern District of Virginia under Chapter 11 case number 17-34665.
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