Simpson Thacher Reps Toys R Us In $800M IPO

Law360, New York (May 28, 2010, 10:34 AM EDT) -- Private equity-owned Toys R Us Inc. announced plans Friday to sell as much as $800 million in stock through an initial public offering.

The toy retailer plans to use the proceeds to pay down its debt, according to a prospectus filed with the U.S. Securities and Exchange Commission on Thursday.

The Wayne, N.J.-based company has a $2.1 billion secured revolving credit facility that expires in part in 2010 and in part in 2012. It did not specify how many shares it plans to sell but said...
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