Brief: Toysrus ANZ Says UK Exit And Renegotiation Of Finance Facility

ToysRUs Anz

05/02/2024 01:04

Feb 5 (Reuters) - ToysRUs Anz Ltd  TOY.AX :
    * 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

Source text for Eikon:  ID:nASX5rBTtw 
Further company coverage:  TOY.AX