Toys 'R' Us receives default notice on Toys 'R' Us-Delaware 8¾% debentures

By Caroline Salls

Pittsburgh, Aug. 3 - Toys "R" Us, Inc. received a notice of default on Toys "R" Us-Delaware, Inc.'s 8¾% debentures, according to a copy of the default notice obtained by Prospect News.

The default was prompted by the company's failure to file financial information with indenture trustee Bank of New York.

An event of default will occur if the financials are not filed within 90 days from July 14.

Toys "R" Us is a Wayne, N.J., toy retailer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.