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Toys “R” Us – Court Confirms Technically Modified Plan of Propco II Plan Debtors

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August 22, 2018 – Toys “R” Us Property Company II, LLC and Giraffe Junior Holdings, LLC (collectively, the “Propco II Plan Debtors”) filed an Amended Joint Chapter 11 Plan of Reorganization of Toys “R” Us Property Company II, LLC and Giraffe Junior Holdings, LLC (With Technical Modifications) (“the Plan”) and a redline of the Plan against the version filed on July 2, 2018 [Docket No. 4285]. The Court subsequently confirmed the Technically Modified Joint Plan of Reorganization [Docket No. 4298]. The Propco II Plan Debtors provided the following chronological transaction summary, “On June 11, 2018,… the ‘Propco II Plan Debtors’ filed their Joint Chapter 11 Plan (the “Plan”) and Disclosure Statement related thereto. A hearing on the Disclosure Statement and the Disclosure Statement Motion was held on July 2, 2018, at 10:00 a.m., prevailing Eastern Time. On July 3, 2018, the Bankruptcy Court entered an order conditionally approving the adequacy of the Disclosure Statement. The combined hearing to consider approval of the Disclosure Statement on a final basis and confirmation of the Plan was held on August 22, 2018 at 11:30 a.m. On August 22, 2018, the Bankruptcy Court entered an order approving the Disclosure Statement on a final basis and confirming the Plan.”

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