Toys 'R' Us may tender for notes as part of LBO but has no current plans

New York, March 23 - Toys "R" Us Inc. may tender for its outstanding notes as part of its acquisition by private equity firms Kohlberg Kravis Roberts & Co. and Bain Capital LLC and real estate developer Vornado Realty Trust.

At the written request of the purchaser, Toys "R" Us is required to carry out a tender offer and consent solicitation for its 6 7/8% notes due 2006, 6¼% senior notes due 2007, 7 5/8% notes due 2011, 7 7/8% notes due 2013, 7 3/8% notes due 2018 and 8¾% debentures due 2021, according to the merger agreement filed Wednesday with the Securities and Exchange Commission.

But the company also said that it has not received any request and does not know whether such a request will be made.

The Wayne, N.J.-based toy retailer announced on Thursday that it has agreed to be bought by the investor group for $6.6 billion plus debt assumption.

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