Gordon Brothers, the global asset experts, has provided Toys"R"Us Canada C$120 million in financing consisting of a C$100 million first-lien revolving credit facility and a C$20 million first-in, last-out term loan to support ongoing borrowing needs.  

Additionally, as an extension of Gordon Brothers’ holistic services, the firm is assisting Toys"R"Us Canada’s store rationalization, encompassing both retail inventory and real estate, to support the specialty retailer of toys and baby consumer products’ go-forward strategy.

“We have built and maintained a strong, tenured relationship with Toys"R"Us Canada and will continue our support with this latest full financing solution that ties together the entire capital structure and store rationalization component,” said Kyle C. Shonak, Senior Managing Director, Head of North America Lending at Gordon Brothers. “As we grow and expand our presence in Canada and our support of Canadian retailers and borrowers, we will continue to help businesses maximize liquidity with our integrated services and solutions-oriented approach.”

"Gordon Brothers has been an invaluable resource to us, and we engaged them on this latest financing because of their flexibility,” said Doug Putman, Founder of Putman Investments and owner of Toys"R"Us Canada. “As a constructive partner who truly understands our business, we can continue to ensure the longevity of the brand with their integrated support and partnership.”

Gordon Brothers provides both short- and long-term capital to clients undergoing transformation. The firm lends against and invests in brands, real estate, inventory, receivables, machinery, equipment and other assets, both together and individually, to provide clients liquidity solutions beyond its market-leading disposition and appraisal services.

Gordon Brothers partners with management teams, private equity sponsors, strategic buyers and asset-based lenders globally to provide its expertise and additional capital in special situations. The firm’s tailor-made solutions provide clients additional capital alongside traditional debt and equity, and its structures complement senior asset-based lending facilities and include credit and yield enhancements.