Toys R Us, the largest U.S. toy-store, is planning to take a $1.8 billion loan, Bloomberg reports. The company will use the funds to refinance a $1.61 billion credit line that will mature in May 2012.
The financing would be arranged by Bank of America and will be secured by the companys receivables and inventory. Toys R Us was acquired by KKR & Company, Bain Capital Partners and Vornado Realty Trust in 2005 for $7.5 billion.
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