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Lessons From The Toys R Us Bankruptcy The story of the Toys R Us bankruptcy has progressed quickly this week. Only announced a few days ago, we now know of the retailer’s debtor-in-possession (DIP) financing and understand that, for the most part, existing senior debtholders will...

Stephen Hazelton, the founder of the credit document analytics group Street Diligence, characterised the toy retailer’s capital structure as “extremely complicated”. Guarantees between its US and foreign operations have muddied the water of who has first claim on any eventual payments Toys R Us is...

Street Diligence identifies four key covenant trends   Equity Cure: An equity cure is an infusion of cash by a private equity sponsor, mainly due to a breach of a financial covenant. It allows the sponsor to more effectively manage extraction of cash from the balance sheet...

Street Diligence wrapped up another phenomenal summer intern program! As we approach the end of another summer intern season, it seems like just yesterday when we first launched Street Diligence's intern program back in 2013. It's been our privilege to work with these very talented students...