Toys 'R' Us files $800 million IPO

By Julianne Pepitone, staff reporter


NEW YORK (CNNMoney.com) -- Toys "R" Us is seeking to raise $800 million in stock through an initial public offering, hoping to clear some debt from its balance sheet, the company said in a securities filing Friday.

The Wayne, N.J.-based toy retailer did not say how many shares it plans to sell.

Toys "R" Us will use most of the capital raised from the offering to repay its "substantial indebtedness," the filing said. As of January 2010, the company had more than $5.2 billion in debt.

This will be the second entry into the public market for Toys "R" Us, which was bought for $6.6 billion in 2005 under pressure of slumping sales. The company was taken private by the investor group owner, which is led by Bain Capital, Kohlberg Kravis Roberts & Co, and Vornado Realty Trust.

The company wants its stock to be listed on the New York Stock Exchange under the symbol "TOYS."

The offering's underwriters include Goldman Sachs, JPMorgan, Merrill Lynch, Credit Suisse, Deutsche Bank, Citigroup and Wells Fargo.

Toys "R" Us operates or licenses almost 1,600 stores, including Kids "R" Us, Babies "R" Us and FAO Schwarz. To top of page

Just the hot list include
Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 24,083.83 59.70 0.25%
Nasdaq 7,003.74 -3.61 -0.05%
S&P 500 2,639.40 4.84 0.18%
Treasuries 3.02 0.00 0.00%
Data as of 3:57am ET
Company Price Change % Change
General Electric Co 14.05 -0.63 -4.29%
Advanced Micro Devic... 9.71 -0.38 -3.77%
Bank of America Corp... 30.14 -0.05 -0.17%
Micron Technology In... 47.60 0.49 1.04%
Facebook Inc 159.69 0.00 0.00%
Data as of Apr 25
Sponsors

Sections

When Snapchat changed its app a few months ago, users ? including Kylie Jenner ? revolted. Snap is making changes again, and they have Wall Street nervous. More

US regulators are close to slapping Wells Fargo with a $1 billion fine for forcing customers into car insurance and charging mortgage borrowers unfair fees. More

Nissan's redesigned electric car isn't as exciting as some competitors but it's practical and affordable. More