Limited Brands Announces Proposed $750M Offering of Senior Notes; Authorizes $500M Share Repurchase Program

Limited Brands, Inc. LTD announced today that it is offering to sell $750 million aggregate principal amount of senior notes due 2021 in a public offering underwritten by Merrill Lynch, Pierce Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Citigroup Global Markets Inc. as joint book-running managers. The company also announced that its board of directors has authorized a new $500 million share repurchase program (which includes $31 million remaining under the company's existing $200 million share repurchase program).
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