June 19, 2009 (FinancialWire) — Lorillard, Inc. (NYSE: LO) said it has priced a public offering of $750 million 8.125% of senior notes due 2019 through its main operating subsidiary, Lorillard Tobacco and guaranteed by Lorillard, Inc.

Barclays Capital (NYSE: BCS), J.P. Morgan Securities (NYSE: JPM), Goldman, Sachs & Co. (NYSE: GS) and Wachovia Capital Markets are acting as joint book-running managers.

Lorillard said it expects to close the sale of the notes on June 23. It plans to use the net proceeds from the offering for general corporate purposes, which may include the repurchase, redemption or retirement of securities including its common stock, additions to working capital and capital expenditures.

Greensboro, South Carolina-based Lorillard is a manufacturer of cigarettes in the United States. Lorillard’s flagship brand is Newport, a menthol-flavored cigarette. The company also owns the Kent, True, Maverick, Old Gold and Max brand names.

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