Bath & Body Works (NYSE: BBWI) to redeem $250M of 7.5% notes
Rhea-AI Filing Summary
Bath & Body Works, Inc. plans a partial redemption of $250 million aggregate principal amount of its outstanding 7.500% Senior Notes due 2029. The company issued a notice of partial redemption on July 20, 2026.
The redemption date will be August 19, 2026. The redemption price will equal 101.250% of the principal amount of the notes being redeemed, plus accrued interest to, but excluding, the redemption date. The company states that this disclosure does not itself constitute a notice of redemption.
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8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Partial redemption amount: $250 million aggregate principal amount
Coupon rate: 7.500%
Redemption price: 101.250% of principal amount
+1 more
4 metrics
Partial redemption amount
$250 million aggregate principal amount
Portion of outstanding 7.500% Senior Notes due 2029 to be redeemed
Coupon rate
7.500%
Interest rate on the Senior Notes due 2029 subject to partial redemption
Redemption price
101.250% of principal amount
Price per principal amount of notes being redeemed, plus accrued interest
Redemption date
August 19, 2026
Date on which the partial redemption of the notes will occur
Key Terms
partial redemption, aggregate principal amount, Senior Notes, redemption date, +1 more
5 terms
partial redemption financial
"issued a notice of partial redemption for $250 million aggregate principal amount"
aggregate principal amount financial
"notice of partial redemption for $250 million aggregate principal amount of the Company’s outstanding"
The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.
Senior Notes financial
"$250 million aggregate principal amount of the Company’s outstanding 7.500% Senior Notes due 2029"
Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.
redemption date financial
"The redemption date for the Notes will be August 19, 2026."
The redemption date is the specific day when a debt-like security (such as a bond, preferred share, or certificate) must be repaid by the issuer and the investor receives the principal plus any final interest or dividends. It matters to investors because it tells when cash will return, shapes the effective return and price of the security, and creates reinvestment and timing considerations—like knowing when a loan is due so you can plan what to do with the returned money.
redemption price financial
"The redemption price for the Notes will be equal to 101.250% of the principal amount"
The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What debt action did Bath & Body Works (BBWI) disclose on July 20, 2026?
Bath & Body Works (BBWI) disclosed a partial redemption of $250 million aggregate principal amount of its 7.500% Senior Notes due 2029, following issuance of a notice of partial redemption to affected noteholders.
Which notes of Bath & Body Works (BBWI) are subject to the partial redemption?
The transaction involves Bath & Body Works’ 7.500% Senior Notes due 2029. The company plans to redeem $250 million of the outstanding aggregate principal amount, as described in its July 20, 2026 disclosure to investors.
When is the redemption date for Bath & Body Works (BBWI) 7.500% notes?
The redemption date for Bath & Body Works (BBWI) 7.500% Senior Notes due 2029 is set for August 19, 2026. Holders of the redeemed notes will receive the specified redemption price on that date.
At what price will Bath & Body Works (BBWI) redeem the 7.500% notes?
Bath & Body Works (BBWI) will redeem the notes at 101.250% of the principal amount of the notes being redeemed, plus accrued interest to, but excluding, the August 19, 2026 redemption date.
Does Bath & Body Works’ (BBWI) disclosure constitute the official notice of redemption?
No. Bath & Body Works (BBWI) explicitly states that the disclosure does not constitute a formal notice of redemption. A separate notice of partial redemption has been or will be delivered to noteholders.