ylliX - Online Advertising Network
Company Ticker News

Victoria’s Secret to issue $500 million of 8-year bonds to fund part of cash payment to L Brands ahead of spinoff

<script type="text/javascript" src="https://pppbr.com/bnr.php?section=Footer46860&pub=543549&format=728x90&ga=g&bg=1"></script>
<noscript><a href="https://yllix.com/publishers/543549" target="_blank"><img src="//ylx-aff.advertica-cdn.com/pub/728x90.png" style="border:none;margin:0;padding:0;vertical-align:baseline;" alt="ylliX - Online Advertising Network" /></a></noscript>

L Brands Inc. said Tuesday its Victoria’s Secret & Co. unit is planning to issue $500 million of 8-year bonds in a private placement to fund a portion of a cash payment to L Brands. Victoria’s Secret was recently formed as part of a plan by L Brands to spin it off to shareholders.

...read full article on Market Watch

ylliX - Online Advertising Network