Columbus, Ohio Limited Brands has raised the size of a senior notes offering to $400 million from $300 million.
Limited, which runs Victoria's Secret, Bath & Body Works and other stores, anticipates $400 million in gross proceeds from the offering of notes due 2020, which is expected to close on May 4.
The retailer also increased the tender cap on two previously announced tender offers to $400 million from $300 million. Proceeds from the 2020 notes sale will be used to buy notes due 2012 and part of its notes due 2014 in the two tender offers, the clothing company said late Tuesday.
Remaining funds will be used for general corporate purposes and to pay back other debt.