Limited Brands seeks to raise $500M through offer

By Associated Press
June 15, 2009 | Comments (0)

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Limited Brands Inc., which operates Victoria's Secret and Bath & Body Works stores, said Monday that it is seeking to raise about $500 million in a private offering.

The Columbus, Ohio, company said it will use the proceeds of the institutional private placement to repurchase or repay existing debt and for general corporate purposes.

The senior notes due 2019 will be guaranteed by certain of the company's subsidiaries.

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