Davis Polk Advises L Brands on Its $500 Million Notes Offering

Davis Polk advised L Brands, Inc. in connection with its SEC-registered offering of $500 million aggregate principal amount of 5.250% senior notes due 2028. The notes are guaranteed by certain subsidiaries of L Brands, Inc. 

L Brands, Inc., based in Columbus, Ohio, is a segment leader focused on women’s intimate and other apparel, personal care, beauty and home fragrance categories. The company has three flagship brands, Victoria’s Secret, PINK and Bath & Body Works, along with other brands such as La Senza and Henri Bendel. L Brands, Inc. sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom, Ireland and Greater China, through websites and through international franchise, license and wholesale partners.

The Davis Polk corporate team included partners Deanna L. Kirkpatrick and Marcel Fausten and associates Roshni Banker Cariello, Ferrell Maguire Keel and Jenny J. Choi. Partner Neil Barr provided tax advice. Associate Jennifer Lin Ricci provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.