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COLUMBUS, Ohio, July 14, 2021 (GLOBE NEWSWIRE) — L Brands, Inc. (“L Brands”) (NYSE: LB) announced today the pricing of the previously announced underwritten public secondary offering of 20,041,646 shares of its common stock (the “Offering”) by Leslie H. Wexner and certain affiliated selling stockholders (collectively, the “Selling Stockholders”) at a public offering price of $74.50 per share, for an aggregate purchase price of $1.49 billion. The Offering is expected to close on July 19, 2021, subject to customary closing conditions. L Brands will not receive any proceeds from the sale of shares by the Selling Stockholders in the Offering.
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