Limited Brands to sell $300M in senior notes and pay off notes with earlier expiration dates
By APTuesday, April 20, 2010
Limited Brands to sell $300 million in notes
COLUMBUS, Ohio — Limited Brands, the owner of Victoria’s Secret and Bath and Body Works, said Tuesday it is publicly offering $300 million in senior notes.
The notes, due in 2020, will be guaranteed by some of Limited Brands’ subsidiaries.
The company said it will use the proceeds to purchase outstanding notes due in 2012 and 2014.
Underwriters include Banc of America Securities, JPMorgan Securities and Citigroup Global Markets.
Shares of Limited Brands Inc. rose 29 cents to $27.55 in afternoon trading.
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