LB News and Press, L Brands Inc. From 09/30/20

It was a quarter that saw US Covid deaths rise after a summer taper. But markets seemed to see past the pandemic and bid up sectors and stocks that could benefit from a potential reopening anyway.The Consumer Discretionary Select Sector SPDR ETF (XLY) was the best performer of the major secto...

A JP Morgan analyst believes L Brands (NYSE: LB) may have turned the corner on its woes, after an extremely rocky start to the year when the COVID-19 pandemic ended a chance to divest its ailing, controversial Victoria's Secret brand. Seeing a brighter future ahead for the company, ...

L Brands ([[LB]] +5.2%) is added by JPMorgan to its Analyst Focus List and called a Value Idea pick. Analyst Matthew Boss: "We maintain shares of LB at Overweight with a revised $42 Dec 2021 price target based on 6x our FY22E EBITDA. The combination of (i) 2H gross profit dollars returning to...

COLOMBUS, Ohio, Sept. 30, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today the results to date of its tender offers (the “ Tender Offers ”) to purchase for cash its outstanding (i) 5.625% Senior Notes due 2022 (the “ 2022 Notes ”), (ii) ...

Even though the markets dropped just 10% after an incredible run, the naysayers have come back with the theories of doom and gloom. 4 out of 5 times when markets drop from all-time highs, they recover with the max draw down of only 20%. The current correction is providing a solid ...

COLUMBUS, Ohio, Sept. 16, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today that, in connection with its offers (the “ Tender Offers ”) to purchase for cash its outstanding (i) 5.625% Senior Notes due 2022 (the “ 2022 Notes ”), (ii) 5.625% Senior...

L Brands (NYSE: LB )  upsizes its previously announced offering to sell $750M aggregate principal amount of senior notes due 2030 to an aggregate principal amount of $1B. More news on: L Brands, Inc., Read more ...

COLUMBUS, Ohio, Sept. 16, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today that its previously announced offering to sell $750 million aggregate principal amount of senior notes due 2030 (the “ 2030 Notes ”) was upsized to an aggregate principal amount of $1 ...

COLUMBUS, Ohio, Sept. 16, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today that it has commenced tender offers (the “ Tender Offers ”) to purchase for cash its outstanding (i) 5.625% Senior Notes due 2022 (the “ 2022 Notes ”), (ii) 5.625% Senior...

COLUMBUS, Ohio, Sept. 16, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today that it is offering to sell $750 million aggregate principal amount of senior notes due 2030 (the “ 2030 Notes ”) in a private placement offering to eligible purchasers, subject to m...