Limited Brands, Inc. (NYSE: LTD) has begun an exchange offer for its outstanding 8.5% Senior Notes due 2019. The notes were first issued on June 19, 2009 in a private offering, resulting in aggregate principal amount of $500 million. Limited Brands has entered into a registration rights agreement in which it undertook the offer to exchange the Old Notes for new notes registered under the Securities Act of 1933. Holders of the Old Notes have the opportunity to exchange them for new notes in an equal principal amount.
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Limited Brands, Inc. is a specialty retailer of women’s intimate and other apparel, beauty and personal care products and accessories under various trade names. The Company sells its merchandise through the retail stores in the United States and Canada, which are primarily mall-based, and through its Websites and catalogues.
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