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Toys"R"Us, Inc. Files Registration Statement for Proposed Initial Public Offering of Common Stock
Category: Investment, Toy
WAYNE, N.J. - May 28, 2010 (Investorideas.com Newswire) - Toys"R"Us, Inc. announced today that it has filed a preliminary registration statement with the United States Securities and Exchange Commission relating to a proposed initial public offering of its common stock. It is anticipated that the offering will consist of newly issued shares sold by Toys"R"Us, Inc.; however, the number of shares to be offered and the price range for the offering have not yet been determined. The company expects to use the net proceeds it receives from the proposed offering primarily to pay down certain existing indebtedness, and the remaining net proceeds, if any, for general corporate purposes.
Goldman, Sachs & Co., J.P. Morgan, BofA Merrill Lynch, and Credit Suisse are serving as joint book-running managers and representatives of the underwriters for this proposed offering. Deutsche Bank Securities, Citi, and Wells Fargo Securities are also acting as joint book-running managers.
When available, copies of the preliminary prospectus related to this offering may be obtained by contacting Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attention: Prospectus Department (Phone: +1-866-471-2526; Fax: +1-212-902-9316; e-mail: prospectus-ny@ny.email.gs.com).
Toys"R"Us, Inc. is the world’s leading dedicated toy and baby products retailer, and as of January 30, 2010 sold merchandise in 1,566 stores, including 849 Toys"R"Us and Babies"R"Us stores in the United States, and 514 international stores and 203 licensed stores in 33 countries and jurisdictions. In addition, it exclusively operates the FAO Schwarz brand, including the flagship store on Fifth Avenue in New York City. The company’s portfolio of e-commerce sites include Toysrus.com, Babiesrus.com, eToys.com, FAO.com and babyuniverse.com.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.
Contacts
Toys"R"Us, Inc., Wayne
Kathleen Waugh, 646-366-8823/973-617-5888
Published at the Investor Ideas Newswire
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