Bank of America, N.A. leads US$2.13 billion credit facility for favour of Toys “R” Us

October 24, 2014

Client: Bank of America, N.A.

On October 24, 2014, Toys "R" Us – Delaware Inc., as lead U.S. Borrower and Toys "R" Us (Canada) Ltd., as Canadian Borrower, entered into a first amendment to the third amendment and restatement of their senior secured U.S. and Canadian asset-based revolving credit facilities in the principal amount of US$2.13 billion. The amendment contemplates, amongst other things, a commitment increase in the gross aggregate amount of US$280 million. The facilities are agented by Bank of America, N.A.

Toys "R" Us is one of the leading specialty toy retailers in the world. Currently, Toys "R" Us, Canada operates nearly 70 stores across Canada. Toys “R” Us has merchandise throughout over 800 toy stores in the U.S. and over 520 internationally; they also conduct sales through licensed and franchise stores as well as through several internet sites.

The Agent was represented in Canada by Norton Rose Fulbright Canada LLP with a team consisting of David M.A. Amato, John Naccarato and Amanda Fortuna.