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L Brands (NYSE: LB ) has priced $750M of 6.875% senior secured notes due 2025 and $500M of 9.375% senior notes due 2025 at 100% of their respective principal amounts. More news on: L Brands, Inc., Consumer stocks news, , Read more ...
COLUMBUS, Ohio, June 04, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today the pricing of its previously announced offering to sell $750 million aggregate principal amount of 6.875% senior secured notes due 2025 (the “ Secured Notes ”) and $500 million aggrega...
After the COVID-19 pandemic dashed L Brands ' (NYSE: LB) hopes of selling a controlling stake in its troubled Victoria's Secret brand, the company is floating a bond offering totaling $1.25 billion for cash to fund its business. The news comes several weeks after the company's latest quarter...
The coronavirus outbreak has weighed on most industries over the past few months, but retailers were hit particularly hard. Temporary store shutdowns meant less revenue, even for those with a strong online presence. Apparel retailers may have had it the worst as shoppers on lockdown focused on b...
COLUMBUS, Ohio, June 04, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today that it is offering to sell $750 million aggregate principal amount of senior secured notes due 2025 (the “ Secured Notes ”) and $500 million aggregate principal amount of senior notes ...
Investors were in a buying mood on Wednesday, as state and local authorities continued to ease coronavirus-related restrictions and after a May jobs number came in better than analysts had expected. The developments add to a growing sense that the U.S. economy is rebounding, and many ha...
This article is part of a series that provides an ongoing analysis of the changes made to Stephen Mandel’s 13F portfolio on a quarterly basis. It is based on Mandel’s regulatory 13F Form filed on 05/15/2020. Please visit our Tracking Stephen Mandel’s Lone Pine Capital P...
Image source The current crisis has exposed some companies across a variety of industries that were struggling. To be fair, a complete economic shutdown isn’t something companies prepare for, and the damage has been immense in some cases. In the case of companies that were already s...
Retail stocks are outperforming as more stores open and reports on traffic indicate at least some moderate activity with shoppers amid social distancing rules. More news on: At Home Group Inc., The Container Store Group, Inc., Lands' End, Inc., Consumer stocks news, Stocks on the move, ...
Things were rough for most nonessential retailers in March and April, thanks to coronavirus-related shutdowns. For L Brands (NYSE: LB) and its Victoria's Secret business, though, they were downright horrible. Total sales at the lingerie brand fell 46% year over year for the fiscal first quar...
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2024-07-24 12:15:02 ET Johnson Rice analyst issues BUY recommendation for LB on July 24, 2024 10:57AM ET. LB was trading at $28.95 at issue of the analyst recommendation. The overall analyst consensus : BUY. Current analyst recommendations are : 7 - Buy, 3 - Hold recomme...
2024-07-23 15:00:04 ET John Mackay from Goldman Sachs issued a price target of $35.00 for LB on 2024-07-23 12:30:00. The adjusted price target was set to $35.00. At the time of the announcement, LB was trading at $28.92. The overall price target consensus is at $58.83 wi...
2024-07-23 15:00:04 ET Mark Lear from Piper Sandler issued a price target of $30.00 for LB on 2024-07-23 12:30:00. The adjusted price target was set to $30.00. At the time of the announcement, LB was trading at $28.92. The overall price target consensus is at $58.83 with...