German retail and service company OTTO has collected $281.23m by selling bonds due 2023. Due June, the bonds carry an interest rate of 2.5% a year.
US Foods intends to repay its previous unpaid loans and outstanding amount of senior notes due 2019 by offering $600m-worth senior notes due 2024 through a private offering.
US Foods deals with distribution of food products to a number of sectors, including hospitality, healthcare and education.
American fashion retailer L Brands (formerly Limited Brands) has announced senior notes due 2036 and worth $700m for sale to the public at 6.750% a year rate of interest. Certain L Brands’ subsidiaries will act as guarantee for the notes.
The sale will help the company repay its previous unpaid interest on notes due next year.
Camping World Holdings intends to sell its class A common stocks worth $200m through an initial public offering (IPO). A registration statement for the same has been submitted by the company with the Securities and Exchange Commission.
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Camping World offers retailing and servicing of recreational vehicles in US and Canada.
The funds are expected to be used by the company for investing in new retail locations.
Image: Bath & Body Works is one of the flagship brands of L Brands. Photo: courtesy of m01229 via Flickr.