Toys ‘R’ Us bankruptcy pushes DIP loan issuance to the highest level since 2009

Toys ‘R’ Us launched a US$3.125bn debtor-in-possession (DIP) facility this week after filing for Chapter 11 protection on Monday. If the deal goes through at the launch amounts, it would bring year to date DIP loan issuance to US$7.6bn across 13 deals. That would top last year’s total of US$7.5bn across 12 deals.