https://www.polygon.com/2017/9/19/16332512/toys-r-us-bankruptcy-debt

Toys R Us has filed for bankruptcy protection, securing $3 billion in financing in order to stay open and continue operations while it restructures its outstanding debt.

The company issued a statement this morning confirming that it had filed for financial relief under Chapter 11 of the Bankruptcy Code in the United States and the Companies’ Creditors Arrangement Act in Canada. The bankruptcy protection filing will not affect the company’s operations outside of Canada and the United States, the statement confirmed.