Wingspire Capital provided a $67 million revolving line of credit to Toys”R”Us Canada, a specialty toy and baby products retailer with more than 80 stores across Canada and e-commerce channels Toysrus.ca and Babiesrus.ca.
Toys”R”Us Canada is using the proceeds to refinance a previous credit facility with a bank and support ongoing borrowing needs.
“We are pleased to provide a creative and flexible capital solution to Toys”R”Us Canada as the company executes its business strategy,” said Matt Governali, Managing Director at Wingspire Capital.
The revolver was part of a broader $120 million financing agented by Gordon Brothers in support of the specialty retailer’s go-forward strategy.