L Brands $1 billion notes issue

30/10/2015

High-yield bond/note issue

Value:

$ 1 billion

Status:

Completed

Date:

30/10/2015

Overview:

L Brands has completed its issue of $1 billion in high-yield notes.
The notes were offered through Rule 144A and are due 2035.
L Brand is the parent company of a number of retailers, including Victoria's Secret and Bath & Body Works.
Proceeds are to be used for general corporate purposes.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Governing law:

United States

Industry sector:

Consumer goods and services

Firms:

Davis Polk & Wardwell

Party: L Brands (Issuer)

Lawyer: Deanna Kirkpatrick

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