Brief: Toysrus ANZ Posts Outcome Of Funding Negotiations

ToysRUs Anz

15/08/2023 05:55

Aug 15 (Reuters) - ToysRUs Anz Ltd  TOY.AX :
    * OUTCOME OF FUNDING NEGOTIATIONS AND NEW STRATEGIC PLAN
INCLUDING
EXIT FROM UK MARKET
    * COMPLETED NEGOTIATIONS WITH EXISTING FINANCIERS, FOR TOTAL
OF
A$5.7M OF NEW DEBT, EQUITY INJECTION AND DEBT REDUCTION
    * TOY WILL RESTRUCTURE ITS OPERATIONS IN ORDER TO REFOCUS
ITS
WORKING CAPITAL ON ANZ
    * REACHED AGREEMENT IN PRINCIPLE WITH TRUK TO FACILITATE
ORDERLY
TRANSITION OF UK BUSINESS & TRANSFER OF ITS UK LICENCE TO TRUK

Source text for Eikon:  ID:nASX8dvsqL 
Further company coverage:  TOY.AX 

 ((Reuters.Briefs@thomsonreuters.com;))