Limited Brands tenders for $294.6 million of 6 1/8% notes due 2012

By Susanna Moon

Chicago, July 20 - Limited Brands Inc. said it began a cash tender offer for any and all of its $294.6 million outstanding 6 1/8% notes due 2012.

The company said it will pay $980 for each $1,000 principal amount of notes plus accrued interest to the payment date, including a premium of $20 for notes tendered by 5 p.m. ET on July 31, the early tender date.

The tender offer will expire at midnight ET on Aug. 14.

The Columbus, Ohio-based specialty retailer said funding for the tender offer will come from an offering of 8½% senior notes due 2019. Remaining proceeds from the issue may be used to repay the company's term loan, which also matures in 2012.

Banc of America Securities LLC (888 292-0070 and collect 980 388-9217) and Williams Capital Group, LP (212 373-4237) are dealer managers.

D.F. King & Co., Inc. (800 848-3416 and collect 212 269-5550) is the information agent.

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