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