April 9, 2018 / 11:58 AM / 16 days ago

BRIEF-Toys R Us Says On April 8, Toys "R" Us, TRU Taj, TRU Taj Finance, Some Investors Reached Agreement In Principle Regarding Note Purchase Agreement

April 9 (Reuters) - Toys R US Inc (IPO-TOYS.N):

* ON APRIL 8, TOYS “R” US, TRU TAJ, TRU TAJ FINANCE, SOME INVESTORS REACHED AGREEMENT IN PRINCIPLE REGARDING NOTE PURCHASE AGREEMENT

* AGREEMENT RELATES TO ISSUANCE OF $80 MILLION OF TRU TAJ ISSUERS’ 11% SENIOR SECURED DIP NOTES

    * TOYS R US - PROCEEDS OF ISSUANCE AND SALE OF ADDITIONAL NOTES WOULD ALSO BE USED FOR FUNDING FOR OPERATIONS IN CENTRAL EUROPE AND ASIA - SEC FILING

    * TRU TAJ ISSUERS EXTENDED WAIVERS RELATING TO EVENTS OF DEFAULTS THAT MAY ARISE UNDER DIP NOTES AND THE 12% SENIOR SECURED NOTES DUE 2021

    * WAIVERS WILL TERMINATE ON APRIL 12, IF TRU TAJ ISSUERS ARE NOT ABLE TO OBTAIN COURT AUTHORIZATION ON ISSUANCE OF ADDITIONAL NOTES Source text: (bit.ly/2EwTb0Z) Further company coverage:

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