secwatch.observer — SEC 8-K summary
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Issuer:     Bath & Body Works, Inc. (BBWI)
CIK:        0000701985
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0001140361-21-026658
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bath & Body Works completes separation of Victoria's Secret; stockholders receive 1 VS share per 3 BBWI shares
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- Separation completed on August 2, 2021 via distribution of 100% of Victoria's Secret common stock.
- Stockholders of record as of July 22, 2021 received one Victoria's Secret share for every three Bath & Body Works shares.
- Entered into Separation and Distribution, Tax Matters, Transition Services, Employee Matters, and Domestic Transportation agreements.
- Bath & Body Works amended and restated its ABL credit facility with $750 million aggregate commitments, maturing in five years.
- Bath & Body Works retains no ownership interest in Victoria's Secret after the distribution.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701985/000114036121026658/0001140361-21-026658-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701985/000114036121026658/nt10026698x7_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-026658

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer