WSJ: Toys ‘R’ Us Petitions Court to Pay $16MM Executive Bonuses

The Wall Street Journal reported Toys ‘R’ Us is seeking approval from the bankruptcy court to pay $16 million in bonuses to its senior executives, including Chief Executive David Brandon, as it enters the critical holiday season.

Toys ‘R’ Us Files Bankruptcy, JPMorgan-Led Syndicate Provides DIP

JPMorgan agented a $3 billion debtor-in-possession loan for bankrupt retailer Toys “R” Us. Illustrator Jerry Gonzalez depicts the lender as Santa with a generous gift for the ailing toy seller.

Toys”R”Us Receives Final Court Approval for $3.1B DIP

Toys”R”Us received approval from the U.S. Bankruptcy Court for the Eastern District of Virginia to access the full amount of its more than $3 billion in DIP financing. JPMorgan is serving as administrative agent for the financing.

BofA Amends Summer Infant Facility Following Toys “R” Us Bankruptcy

In response to the Toys “R” Us Chapter 11 filing, Summer Infant, a manufacturer of infant and baby products, amended its existing credit agreement to allow for greater flexibility.

It’s All in a Name: Brands and Trademarks as Loan Collateral

Branding has become the buzz word of the 21st century for marketers promoting their products. But brands themselves have value and can be used as collateral when structuring a loan. Hugh Larratt-Smith explains how these loans are created and explores the successes and the pitfalls of lending against brands.

Goldman Leads Loans to Replace Toys ‘R’ Us Debt

Bloomberg reported Goldman Sachs Group is leading Toys “R” Us loans that will replace existing debt, with commitments from lenders due by Oct. 7, according to Bloomberg data.