News

Toy Association creates Ad Hoc Toys R Us Creditors Committee

Published on: October 12th, 2017

Committee will represent the interests of companies not included in the court appointed Unsecured Creditors Committee. 

The Toy Association is in the process of creating an Ad Hoc Creditors Committee for toy industry non-secured creditors. The purpose of the committee will be to represent the interests of those not included in the court appointed Unsecured Creditors Committee.

The Unsecured Creditors Committee consists of nine members:

  1. Mattel – Toys
  2. Lego – Toys
  3. Bank of New York – Banks
  4. Huffy – Toys and Sport
  5. Evenflo – Juvenile Products
  6. Kimco Realty – Realty
  7. Simon Property – Realty
  8. Veritiv Operating Company – IT infrastructure
  9. Euler Hermes – Insurance

The function of the Unsecured Creditors Committee will be to determine who gets paid what. As only three of the companies are from the toy industry, the other members will be looking out for their prospective industry’s concerns.

Therefore, the purpose of the Toy Association’s Ad Hoc Creditors Committee is to bring several hundred toy industry creditors together, thus bringing more attention to the concerns of toy industry creditors.

Interested parties can sign up for the committee by writing creditors@toyassociation.org. There is no charge to join.

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