Herbalife prices $800 million senior secured notes offering

Herbalife Ltd. (NYSE: HLF) announced the pricing of an $800 million senior secured notes offering through its wholly owned subsidiaries HLF Financing SaRL, LLC and Herbalife International, Inc.

The notes, due in 2033, were priced at 100% of par value with a fixed annual interest rate of 7.750%. Interest payments will be made semi-annually on May 1 and November 1 of each year, beginning November 1, 2026.

The notes will be guaranteed on a senior secured basis by Herbalife and its existing and future subsidiaries that guarantee obligations under the company's senior secured credit facility.

Herbalife plans to use the net proceeds from the offering, along with proceeds from refinancing its existing senior secured credit facility and available cash, to repay existing debt. This includes borrowings under its senior secured credit facility and the issuers' 12.250% senior secured notes due 2029, plus related fees and expenses.

The offering is expected to close on April 29, 2026, subject to customary closing conditions.

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 notes 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 as a health and wellness company that distributes products through independent distributors in more than 90 markets globally.

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