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L Brands to Offer $750M of Senior Notes to Fund Tender Offers

Dow Jones Newswires ·  Sep 16, 2020 20:14

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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