Toys "R" Us has filed for an IPO with an expected offering amount of $800 million. The Kohlberg Kravis Roberts- and Bain Capital-owned company intends to use the proceeds from the offering to primarily repay existing indebtedness, which stood at approximately $5 billion at the end of the first quarter. Toys "R" Us posted a strong 2009 with $13.6 billion in net sales, net earnings of $312 million and an adjusted EBITDA of $1.13 billion. KKR, Bain and Vornado Realty Trust took the company private in a $6.6 billion LBO.
