Toys “R” Us Inc. is working with Bank of America Corp., Goldman Sachs Group Inc. and Lazard to refinance its debt, Bloomberg News reported yesterday. The world’s largest toy chain will reorganize its borrowings “in light of the positive business momentum reflected in the estimated financial results” for the year ended January 30, it said. The company also announced that it estimates its earnings before interest, taxes, depreciation and amortization for the 2015 financial year was $780 million, up 21 percent from a year ago. Same-store sales rose 2 percent during the holiday-shopping season, the first gain in four years, the company said last month.
