Davis Polk advised L Brands, Inc. in connection with its SEC-registered offering of $500 million aggregate principal amount of 5.625% senior notes due 2023. The notes are guaranteed by certain subsidiaries of L Brands, Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC were the joint book-running managers.
Based in Columbus, Ohio, L Brands, Inc., through Victoria’s Secret, Pink, Bath & Body Works, La Senza and Henri Bendel, is an international company that operates 2,647 specialty stores in the United States and its brands are sold in more than 800 company-operated and franchised locations worldwide.
The Davis Polk corporate team included partner Sarah E. Beshar, counsel Jean Weng, associate Liang Dong and law clerk Brian A. Mathes. Partner Neil Barr and associate Avinash Venkatesh provided tax advice. Counsel Catherine L. Martin provided 1940 Act advice. Sorina Delia Lazar was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.