New Issue-Toys R US sells $725 mln in 8-yr notes

Tue Nov 10, 2009 8:01pm GMT
[-] Text [+]
  Nov 10 (Reuters) - Toys R US Property Company II LLC, a
unit of Giraffe Properties LLC, on Tuesday sold $725 million of
senior secured notes in the 144a private placement market, said
IFR, a Thomson Reuters service.
 Bank of America Merrill Lynch, Goldman Sachs, Deutsche
Bank, and Wells Fargo were the joint bookrunning managers for
the sale.
BORROWER: TOYS R US PROPERTY COMPANY II LLC
AMT $725 MLN      COUPON 8.50 PCT     MATURITY 12/1/2017 
TYPE SR NTS       ISS PRICE 98.573    FIRST PAY 6/1//2010
MOODY'S Ba2       YIELD 8.75 PCT      SETTLEMENT 11/20/2009
S&P B-PLUS        SPREAD 553 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YRS 

 
 
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