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U.S. bankruptcy judge says will approve loan for Toys 'R' Us

Reuters

WILMINGTON, Del (Reuters) - The U.S. Bankruptcy judge overseeing the Chapter 11 of Toys 'R' Us said on Tuesday he would approve the company's request to borrow more than $2 billion to help stabilize the largest U.S. toy chain as it builds inventory for the year-end shopping season.

Toys 'R' Us filed for bankruptcy Monday, squeezed by online shopping and discount chains.

(Reporting by Tom Hals in Wilmington, Delaware; Editing by Nick Zieminski)