Limited Brands extends tender offer for $294.6 million 6 1/8% notes

By Angela McDaniels

Tacoma, Wash., Aug. 3 - Limited Brands Inc. extended the early tender date in the tender offer for its $294.6 million outstanding principal amount of 6 1/8% notes due 2012 to 5 p.m. ET on Aug. 5 from July 31, according to a company news release.

The company also extended the offer expiration to midnight ET on Aug. 18 from Aug. 14.

Holders will receive $980 for each $1,000 principal amount of notes tendered by the early tender date and $960 for each $1,000 principal amount of notes tendered after that time.

The company will also pay accrued interest up to but excluding the settlement date.

As of 5 p.m. ET on July 31, holders had tendered $102,829,000 principal amount, or 34.9%, of the notes.

The Columbus, Ohio-based specialty retailer said funding for the tender offer will come from an offering of 8½% senior notes due 2019. The remaining proceeds from the issue may be used to repay the company's term loan, which also matures in 2012.

Banc of America Securities LLC (888 292-0070 or call collect 980 388-9217) and Williams Capital Group, LP (212 373-4237) are the dealer managers.

D.F. King & Co., Inc. (800 848-3416 or call collect 212 269-5550) is the information agent.

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