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Report: Toys R Us at risk of liquidation

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Report: Toys R Us at risk of liquidation

Bankrupt retailer Toys R Us could be forced to go into liquidation if it loses compliance with a $3.1 billion loan agreement that the company secured from a group of lenders led by J.P. Morgan Chase prior to filing for bankruptcy, CNBC reported Feb. 21, citing sources familiar with the situation.

The report said the company is compliant with the loan terms, but after a disappointing holiday season, it could be in danger of not having enough cash to meet the terms. The sources added that Toys R Us has other options to fulfill its agreement, including getting financing elsewhere or renegotiating the terms with its lenders.

The report added, however, that the lenders remain "supportive" of the troubled company.