Herbalife subsidiaries plan $800 million senior secured notes offering

Herbalife Ltd. (NYSE: HLF) announced that two of its wholly owned subsidiaries, HLF Financing SaRL, LLC and Herbalife International, Inc., intend to offer $800 million in senior secured notes due 2033, subject to market and other conditions.

The health and wellness company plans to use proceeds from the offering, along with funds from refinancing its existing senior secured credit facility and available cash, to repay existing debt. This includes borrowings under the company's senior secured credit facility and the issuers' 12.250% Senior Secured Notes due 2029, plus related fees and expenses.

The notes will be offered under Rule 144A of the Securities Act of 1933 and to non-U.S. persons outside the United States under Regulation S. The securities have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption.

Herbalife operates in more than 90 markets worldwide, offering nutrition products through independent distributors. The company has been in business since 1980, providing products and business opportunities through its distributor network.

The announcement was made through a press release that included standard forward-looking statement disclaimers, noting that actual results could differ materially from projections due to various risks and uncertainties affecting the business and global economic conditions.

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