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U.S. bankruptcy judge says will approve loan for Toys 'R' Us
September 19, 2017 / 7:39 PM / 2 months ago

U.S. bankruptcy judge says will approve loan for Toys 'R' Us

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 the largest U.S. toy chain as it builds inventory for the year-end shopping season.

FILE PHOTO: Consumers leave a Toys R Us store with full shopping carts after shopping on the day dubbed "Black Friday" in Framingham, Massachusetts, U.S., November 25, 2011. REUTERS/Adam Hunger/File Photo

Toys ‘R’ Us filed for bankruptcy Monday, squeezed by online shopping and discount chains.

Reporting by Tom Hals in Wilmington, Delaware; Editing by Nick Zieminski

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