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Herbalife Announces the Closing of $600 Million Senior Notes

BY DSN Staff Writer | May 21, 2021 | read / Daily News / Financial

Herbalife Nutrition Ltd. announced the closing of $600 million aggregate principal amount of senior notes due 2029. The notes were a previously announced offering by HLF Financial SaRL, LLC and Herbalife International, Inc.

These notes have a fixed annual interest rate of 4.875%, to be paid semi-annually on June 1 and December 1 of each year, beginning December 1, 2021. 

Net proceeds from the offering will be used to redeem all outstanding 7.25% senior notes that are due 2026, to fund general corporate activities (like share repurchases and capital investment projects), and to pay related fees and expenses. 

Redemption is expected to be completed on May 21, 2021.

Posted in Daily News, Financial and tagged Herbalife, Herbalife Nutrition.
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