Limited Brands raises note offering to $1 billion

Columbus,Ohio -- Limited Brands has expanded its public senior debt offering to $1 billion from the $750 million that it initially announced on Tuesday.



The company plans to use net proceeds from the offering to repurchase $500 million worth of shares under a new stock buyback authorized by company's board. The new program includes $31 million remaining under the company's existing $200 million share repurchase program. Limited Brands has priced the notes, which come due in 2021, at 6.625%.