Toys “R” Us looking for $800 million
Toys “R” Us is trying to raise $800 million through an initial public offering in an attempt to remove some debt from their balance sheet.
As of January, the company had over $5.2 billion in debt.
Purchased for $6.6 billion in 2005 due to slumping sales, Toys “R” Us enters the public market for the second time. The company was taken private by the investor group owner, which is led by Bain Capital, Kohlberg Kravis Roberts & Co, and Vornado Realty Trust.
Toys “R” Us operates or licenses almost 1,600 stores, including Kids “R” Us and FAO Schwarz.
Posted on May 28, 2010, in Market Trends, Newspaper & Journal Articles, Stocks, Bonds, & Funds and tagged Kids "R" Us, stock market, toys, Toys "R" Us, Toys public. Bookmark the permalink. Leave a comment.