The Firm represented Toys “R” Us, Inc. (“TRU”) in connection with its Rule 144A and Regulation S offering of $450 million aggregate principal amount of 10.375% Senior Notes due 2017. TRU intends to use the net proceeds of the offering to redeem its existing senior notes due 2013 and for general corporate purposes.
Toys “R” Us, Inc. is the world’s leading dedicated toy and baby products retailer. TRU is owned by an investment group consisting of entities advised by or affiliated with Bain Capital Partners LLC, Kohlberg Kravis Roberts & Co., L.P., Vornado Realty Trust and GB Holdings I, LLC, an affiliate of Gordon Brothers.
The Simpson Thacher team for this transaction included Michael Nathan, Justin Hoffman, Karen Wang and Allison Wilson (Capital Markets), Steven Todrys and Seojung Park (Tax), Alvin Brown, Jeanne Annarumma and Jeannine McSweeney (Executive Compensation and Employee Benefits), Michael Isby (Environmental), and Samantha Himelman (Intellectual Property).
