Paul Hastings LLP, a leading global law firm, recently represented Toys“R”US Properties (UK) Limited, an affiliate of Toys “R” Us, Inc., as borrower, in connection with the refinancing of senior and junior real estate credit facilities of £406 million.
The senior portion of the loan had been securitized in a CMBS transaction known as Vanwall Finance PLC. A new facility of £263 million, together with cash on hand, were used to repay the principal amount under the £406 million senior and junior real estate credit facilities.
