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Toys “R” Us, one of the world’s leading retailers of toys, children’s apparel and baby products, currently sells merchandise through 1,597 stores worldwide: 680 toy stores in the United States; 544 international toy stores, including licensed and franchised stores; 146 Kids “R” Us children’s clothing stores; 186 Babies “R” Us stores; 37 Imaginarium stores; 4 Geoffrey stores; and through Internet sites at www.toysrus.com, www.babiesrus.com, www.imaginarium.com and www.giftsrus.com.

http://www.toysrus.com
 

TOYS“R”US, INC. COMMENCES COURT-SUPERVISED PROCESSES TO IMPLEMENT FINANCIAL RESTRUCTURING

Files Voluntary Chapter 11 Petitions in U.S. and Intends to Seek Protection under CCAA in Canada;
Operations Outside U.S. and Canada Not Included in Proceedings
Toys“R”Us and Babies“R”Us Stores and Web Stores across the World are Open and
Continuing to Provide World-Class Experiences for Customers
Restructuring Process Expected to Enhance Financial Flexibility for Investments in Growth Initiatives
Company Receives Commitment of Over $3.0 Billion in Debtor-in-Possession Financing to Support Operations
WAYNE, NJ – September 18, 2017 – Toys“R”Us, Inc. (“the Company”) today announced that the Company and certain of its U.S. subsidiaries and its Canadian subsidiary have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Eastern District of Virginia in Richmond, VA. In addition, the Company’s Canadian subsidiary today intends to seek protection in parallel proceedings under the Companies’ Creditors Arrangement Act (“CCAA”) in the Ontario Superior Court of Justice. The Company intends to use these court-supervised proceedings to restructure its outstanding debt and establish a sustainable capital structure that will enable it to invest in long-term growth and fuel its aspirations to bring play to kids everywhere and be a best friend to parents.
The Company’s operations outside of the U.S. and Canada, including its approximately 255 licensed stores and joint venture partnership in Asia, which are separate entities, are not part of the Chapter 11 filing and CCAA proceedings.

 
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