Bath & body works, inc. launches tender offers for 5.625% senior notes due 2023, 9.375% senior notes due 2025 and 6.694% senior notes due 2027

Columbus, ohio, aug. 19, 2021 (globe newswire) -- bath & body works, inc. (“bath & body works” or the “company”) (nyse: bbwi) announced today that it has commenced tender offers (the “tender offers”) to purchase for cash its outstanding (i) 5.625% senior notes due 2023 (the “2023 notes”), (ii) 9.375% senior notes due 2025 (the “2025 notes”) and (iii) 6.694% senior notes due 2027 (the “2027 notes” and, together with the 2023 notes and the 2025 notes, the “notes”) up to a maximum aggregate principal amount of notes of $500 million (the “maximum aggregate amount”), subject to the sub-cap (as defined below), the order of priority and proration provisions set forth in the offer to purchase described below. the maximum aggregate amount of notes to be purchased by the company for the 2025 notes and 2027 notes is limited to $180 million (the “sub-cap”).
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