COLUMBUS, Ohio, Oct. 10, 2013 /PRNewswire/ -- Limited
Brands, Inc. (now known as L Brands, Inc.) (NYSE: LTD) (the
"Company") announced today that its previously announced offering
of $500 million aggregate principal
amount of unsecured senior notes due 2023 (the "2023 Notes") priced
at 100% of the aggregate principal amount with a coupon of
5.625%. The sale of the 2023 Notes was underwritten by BofA
Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan
Securities LLC as joint book-running managers. The 2023 Notes will
be guaranteed by certain of the Company's subsidiaries.
(Logo: http://photos.prnewswire.com/prnh/20020520/CLM001LOGO
)
The Company intends to use proceeds from the offering, after the
payment of fees and expenses, for repayment of its 5.250% senior
unsecured notes due November 2014 at
maturity and for general corporate purposes, including repayment of
outstanding borrowings under its revolving credit facility to fund
seasonal working capital, share repurchases and dividends.
A registration statement relating to the offering of the 2023
Notes has been filed with the United States Securities and Exchange
Commission and is effective. This press release shall not
constitute an offer to sell nor an offer to buy any securities and
shall not constitute an offer, solicitation or sale in any
jurisdiction in which such offer, solicitation or sale would be
unlawful. The offering of the 2023 Notes may be made only by means
of a prospectus supplement and the accompanying prospectus.
Copies of the prospectus supplement and the accompanying
prospectus may be obtained from BofA Merrill Lynch, Prospectus
Department, 222 Broadway, 11th Floor, New York, NY 10038, toll-free at
1-800-294-1322 or email: dg.prospectus_requests@baml.com, Citigroup
Global Markets Inc., 390 Greenwich Street, New York, NY 10013, collect at 1-212-723-6020
or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood,
NY 11717, toll-free at 1-800-221-1037.
ABOUT LIMITED BRANDS:
Limited Brands, through Victoria's Secret, Pink, Bath & Body
Works, La Senza and Henri Bendel, is
an international company. The company operates 2,647 specialty
stores in the United States and
its brands are sold in about 800 company-operated and franchised
locations world-wide.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
L Brands, Inc. cautions that any forward-looking statements (as
such term is defined in the Private Securities Litigation Reform
Act of 1995) contained in this press release involve risks and
uncertainties and are subject to change based on various factors,
many of which are beyond our control. Accordingly, our future
performance and financial results may differ materially from those
expressed or implied in any such forward-looking statements.
Words such as "estimate," "project," "plan," "believe," "expect,"
"anticipate," "intend," "planned," "potential" and similar
expressions may identify forward-looking statements. For a
discussion of risks and uncertainties that may affect the future
results of L Brands, please see "Item 1A. Risk Factors" in our 2012
Annual Report on Form 10-K.
SOURCE Limited Brands, Inc.