Toys ‘R’ Us lenders may swap $760m in debt for Asian unit

Toys ‘R’ Us lenders may swap $760m in debt for Asian unit

Signage is displayed on the exterior of a Toys 'R' Us retail store in the Queens borough of New York, U.S. Photographer: Jeenah Moon/Bloomberg Photo by Bloomberg

Senior lenders to Toys “R” Us Inc. will make an opening bid of $760 million for the bankrupt retailer’s Asia operations, far less than the $1 billion offers the company touted just a few months ago.

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