Bankrupt toy retailer Toys R Us Inc. plans to cease filing all reports with the SEC in light of recent reporting amendments, according to a May 11 SEC filing.
The company said it has posted on a website hosted at http://global.merrillcorp.com the reporting requirements under the indentures governing its 12% senior secured notes due 2021 and 11% senior secured ABL DIP notes issued by its wholly owned subsidiaries TRU Taj LLC and TRU Taj Finance Inc.
In light of the amendments to financial reporting requirements in the indentures, Toys R Us said it is no longer required to file any reports or other information with the SEC and is instead permitted to meet the financial reporting obligations of the indentures by posting the required information on a website. In addition, the company said the financial information required by the indentures will be fulfilled by the issuer and subsidiaries and not by the parent company, beginning with the quarter ended May 5.
It is also no longer required to conduct quarterly conference calls to discuss the financial results of the company, the toy retailer said.