Toys ‘R’ Us Seeks $1.8B Loan

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 company’s 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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