Toys “R” Us Inc.’s unsecured creditors want to take a deeper look into the troubled retailer’s hefty and complex debt load, the Wall Street Journal reported. In court papers filed on Tuesday, the toy retailer’s creditors are seeking permission from Judge Keith Phillips to obtain more documents related to the numerous debt transactions that took place in the years leading up to the company’s September bankruptcy filing, including several transfers of intercompany notes, its 2005 leveraged buyout and fees paid to its private-equity backers. At the time of its filing, Toys “R” Us had $5.3 billion in debt, unchanged from when it was taken private by private-equity firms Bain Capital and KKR & Co. and real-estate investment trust Vornado Realty Trust in a $6.6 billion deal. The creditors have been in discussions with Toys “R” Us regarding these matters.
