Davis Polk advised Limited Brands, Inc. in connection with its SEC-registered offering of $1 billion aggregate principal amount of 6.625% notes due 2021 guaranteed by certain subsidiaries. Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Citigroup Global Markets Inc. acted as joint book-running managers for the underwriters. 

Based in Columbus, Ohio, Limited Brands, Inc., through Victoria’s Secret, Pink, Bath & Body Works, La Senza, C.O. Bigelow, White Barn Candle Co. and Henri Bendel, is an international company that operates 2,640 specialty stores in the United States and its brands are sold in more than 800 company-operated and franchised additional locations worldwide. 

The Davis Polk corporate team included partners Sarah E. Beshar and David L. Caplan, counsel Jean Weng and associates Y. Jung Choi and Liang Dong. Partner Neil Barr and associate Arie Rubenstein provided tax advice. Associate Peter T. Bazos provided credit advice. Natalie Chan was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.