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Feb 5 (Reuters) - ToysRUs Anz Ltd (TOY) : UK EXIT AND...

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    05/02/24
    12:05
    Post #: 72239617

    Feb 5 (Reuters) - ToysRUs Anz Ltd (TOY) :

    • UK EXIT AND RENEGOTIATION OF FINANCE FACILITY
    • FINALISED AGREEMENTS WITH TRU KIDS TO FACILITATE A SMOOTH EXIT FROM UK BUSINESS AND ASSOCIATED LICENSE
    • UNDER DEAL, CO' WILL TRANSFER OWNERSHIP OF ALL UK BUSINESS ASSETS TO TRUK IN SETTLEMENT OF $1.8 MILLION OUTSTANDING LOAN BALANCE
    • NEGOTIATED AN AMENDED FACILITY AGREEMENT WITH ITS MAJOR FINANCE PARTNER
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