Limited Brands Prices Private Offering of Senior Notes
17 June 2009 - 7:40AM
PR Newswire (US)
COLUMBUS, Ohio, June 16 /PRNewswire-FirstCall/ -- Limited Brands,
Inc. (NYSE:LTD) announced today that it has agreed to sell
$500,000,000 aggregate principal amount ($483,760,000 gross
proceeds) of 8.50% Senior Notes due 2019 through an institutional
private placement. Subject to customary closing conditions, the
closing of the offering is expected on or about June 19, 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020520/CLM001LOGO )
The notes will be guaranteed by certain of the company's
subsidiaries. The company intends to use the proceeds of this
offering, after the payment of fees and expenses, to repurchase or
repay existing debt and for general corporate purposes. This
announcement is neither an offer to sell nor a solicitation of an
offer to buy any of the company's senior notes. The notes have not
been registered under the Securities Act of 1933, as amended, or
any state securities laws, and are being offered only to qualified
institutional buyers in reliance on Rule 144A under the Securities
Act and to non-U.S. persons in offshore transactions in reliance on
Regulation S. Unless so registered, Limited Brands' senior notes
may not be offered or sold in the United States or to U.S. persons
except pursuant to an exemption from registration requirements of
the Securities Act and applicable state securities laws.
http://www.newscom.com/cgi-bin/prnh/20020520/CLM001LOGO
http://photoarchive.ap.org/ DATASOURCE: Limited Brands, Inc.
CONTACT: PR Newswire -- June 16
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