Also, it is important to remember that financial woes are not new for Toysrus and the company has persevered through a leveraged buyout already.
Here are a few chosen lines from the article going into detail for curious fans.
The toy giant is working with attorneys at the firm Kirkland and Ellis to deal with $400 million in debt due by the end of this year, according to a source familiar with the matter. Half of its debt obligation is due this fall, with the remaining $200 million due to be paid back near the end of December.
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Toys "R" Us has dealt with a heavy debt load since it became a private company in 2005. Its private equity investors, KKR, Bain Capital, and Vornado Realty Trust, initially planned to recoup their investment with a public stock offering within three years, but that plan fell through when the Great Recession hit.
The owners brought in a new chief executive, Dave Brandon, in 2015 to helm a turnaround that could set the company up for either another attempt to go public, or a sale.
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The toy store chain's long-term debt was $5 billion as of April 29. It had $701 million in liquidity, which included $400 million in committed lines of credit.