L Brands’ $1.49 Billion Common Stock Offering

Cravath represented the underwriter in the offering.

L Brands, Inc. executed its $1.49 billion registered secondary offering of common stock.

J.P. Morgan acted as the sole book-running manager for the Offering. Goldman Sachs & Co. acted as an advisor to L Brands.

L Brands, Inc. is a specialty retailer of women’s intimate and other apparel, personal care and beauty and home fragrance products.

The Cravath team included partners William V. Fogg (Picture) and Joseph D. Zavaglia and associates Matthew L. Ploszek, Andrew D. Norwich, Katharine E. Waldman and Nicole M. Gould on capital markets matters; partner Christopher K. Fargo and associate Luis Calderon-Gomez on tax matters; partner Matthew Morreale on environmental matters; and associate David Crampton on executive compensation and benefits matters.

Involved fees earner: Luis Calderon Gomez – Cravath Swaine & Moore; David Crampton – Cravath Swaine & Moore; Christopher K. Fargo – Cravath Swaine & Moore; William Fogg – Cravath Swaine & Moore; Nicole Gould – Cravath Swaine & Moore; Matthew Morreale – Cravath Swaine & Moore; Andrew Norwich – Cravath Swaine & Moore; Matthew Ploszek – Cravath Swaine & Moore; Katharine Waldman – Cravath Swaine & Moore; Joseph Zavaglia – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Goldman Sachs & Co.; J.P. Morgan Securities LLC;

Martina Bellini

Author: Martina Bellini