Toys "R"Us closes US$2.05 billion revolving credit facilities

Date Closed: 3/21/2014

Value: US$2.05 billion

On March 21, 2014, Toys "R" Us-Delaware, Inc. as lead US Borrower and Toys “R” Us (Canada) Ltd., as Canadian Borrower, and certain of their respective subsidiaries amended and restated their existing senior secured asset-based credit facilities credit agreement with Bank of America, N.A. as administrative agent for a syndicate of lenders to extend the existing maturity date of the credit facilities and amend certain other provisions. The amendment and restatement was documented under a Third Amended and Restated Credit Agreement, by and between, among others, Toys R" Us-Delaware, Inc. as lead US Borrower, Toys R" Us (Canada) Ltd. Toys R" Us (Canada) Ltee, as Canadian borrower, certain other subsidiaries of the lead US borrower, as facility guarantors, Bank of America, N.A., as Administrative Agent, Canadian Agent and Co-Collateral Agent, Wells Fargo Retail Finance, LLC, as Co-Collateral Agent, and the lenders party thereto. The ABL Facility as amended will continue to provide for $2.05 Billion of revolving commitments.

Toy “R” Us, headquartered in New Jersey, United States, is a leading specialty toy retailer.

BLG represented Toys "R" Us, Inc. et al. in Canada with a team that included Gus Karantzoulis and Murray Shopiro.