Full Press Release Details
HERBALIFE LTD. ANNOUNCES CLOSING OF $1.45 BILLION CREDIT FACILITY
LOS ANGELES, February 15, 2017 Herbalife Ltd. (NYSE: HLF), a global nutrition company, today announced that it has
closed a new $1.45 billion senior secured credit facility, which consists of a $150 million revolving credit facility maturing 2022 and a $1.3 billion term loan maturing 2023.
This credit facility affords us the financial flexibility to continue to create long-term value for our shareholders, capitalize on our solid business
fundamentals, and realize our global market potential, said Herbalife Chief Financial Officer John DeSimone. We thank our banking partners for their confidence and commitment in Herbalife Nutrition.
Credit Suisse acted as administrative agent for the new term loan and collateral agent for the credit facility, Rabobank acted as administrative agent for the
revolving credit facility, and Citizens Bank, N.A. acted as documentation agent for the credit facility. Credit Suisse and Rabobank acted as joint book runners and joint lead arrangers of the transaction. The new facility replaces
Herbalife s senior secured revolving credit facility which was due to mature in March 2017.
Jen Butler, 213-745-0420
Alan Quan, 213-745-0541
VP, Investor Relations
Herbalife is a global nutrition company that has been changing people s lives with great products since 1980. Our nutrition, weight-management,
energy and fitness and personal care products are available exclusively to and through dedicated Herbalife Independent Members in more than 90 countries. We are committed to fighting the worldwide problems of poor nutrition and obesity by
offering high-quality products, one-on-one coaching with an Herbalife Member and a community that inspires customers to live a healthy, active life.
We support the Herbalife Family Foundation (HFF) and its Casa Herbalife programs to help bring good nutrition to children in need. We also
sponsor more than 190 world-class athletes, teams and events around the globe, including Cristiano Ronaldo, the LA Galaxy and champions in many other sports.
The company has over 8,000 employees worldwide, and its shares are traded on the New York Stock Exchange (NYSE: HLF) with net sales of $4.5
billion in 2015. The Herbalife website contains a significant amount of financial and other information about the company at http://ir.Herbalife.com. The company encourages investors to visit its website from time to time, as information
is updated and new information is posted. To learn more, visit Herbalife.com or IAmHerbalife.com.
FORWARD-LOOKING STATEMENTS
This document contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future
financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties, such as those disclosed or incorporated by reference in our filings with the Securities and
Exchange Commission. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, among others, the
We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events, except as required by law.