Davis Polk advised Limited Brands, Inc. in connection with its SEC-registered offering of $1 billion aggregate principal amount of 5.625% senior notes due 2022. The notes are guaranteed by certain subsidiaries of Limited Brands, Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Citigroup Global Markets Inc. were the joint book-running managers.

Based in Columbus, Ohio, Limited Brands, Inc., through Victoria’s Secret, Pink, Bath & Body Works, La Senza and Henri Bendel, is an international company that operates 2,623 specialty stores in the United States and its brands are sold in more than 600 company-operated and franchised additional locations worldwide. 

The Davis Polk corporate team included partner Sarah E. Beshar, counsel Jean Weng and associates Liang Dong and Yuko Masunaga (not yet admitted). Partner Neil Barr and associate Arie Rubenstein provided tax advice. Associate Catherine L. Martin provided ’40 Act advice. Joshua Sills was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.