L Brands, Inc.’s $1.49 Billion Registered Secondary Offering of Common Stock

Cravath represented the underwriter in connection with the $1.49 billion registered secondary offering of common stock of L Brands, Inc., a specialty retailer of women's intimate and other apparel, personal care and beauty and home fragrance products. The transaction closed on July 19, 2021.

The Cravath team included partners William V. Fogg 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.