Toys’R’Us ANZ Secures Funding Through Convertible Notes

Toys ‘R’ Us Anz Limited (AU:TOY) has released an update.

Toys’R’Us ANZ Limited has issued a notice confirming the on-sale of shares from convertible notes to retail investors without further disclosure, following a funding agreement with Mercer Street Global Opportunity Fund. The agreement includes initial and subsequent investments totaling up to $4.2 million, with the most recent tranche consisting of $1.5 million in convertible notes and associated options.

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