DJ L Brands to Offer $750M of Senior Notes to Fund Tender Offers
By Michael Dabaie
L Brands Inc. said it would offer $750 million aggregate principal amount of senior notes due 2030 in a private placement.
The retailer, whose brands include Bath & Body Works, Victoria's Secret and PINK, said it will use the proceeds to fund tender offers for some of its outstanding 5.625% senior notes due 2022, 5.625% senior notes due 2023, 7.60% senior notes due 2037 and 6.95% exchange debentures due 2033.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
September 16, 2020 08:14 ET (12:14 GMT)
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