L Brands $700 million notes issue

Overview:

• L Brands has issued $700 million of senior notes.
• The notes are guaranteed by subsidiaries of L Brands and are due in 2036.
• L Brands is based in Columbus, Ohio.
• The company owns apparel and beauty products providers such as Victoria's Secret and Bath & Body Works.
• Davis Polk & Wardwell (Deanna Kirkpatrick, Roshni Banker Cariello, Martin Oberst) advised the issuer.

Kurt Stumpo - Journalist - North America and the Caribbean