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Noteholders and Fung Retailing extend lifeline to Toys 'R' Us Asia

Holders of the TRU Taj LLC's senior secured notes to take 85% equity stake in Toys (Labuan) ; management team to stay

Toys "R" Us stores in Asia have carried on business as usual despite the winding-down of the retail operations in the US.


NOTEHOLDERS of Toys "R" Us Inc have joined hands with Fung Retailing to extend a lifeline to the toy retailer's operations in Asia.

On Friday, the holders of the TRU Taj LLC's senior secured notes issued by Toys "R" Us Inc , or the Taj noteholders, unveiled a proposed...

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