Full Press Release Details
Herbalife Nutrition Announces Closing of $600 Million Senior Note Offering
LOS ANGELES -- (BUSINESS WIRE) --May 29, 2020-- Herbalife Nutrition Ltd. (NYSE: HLF) (the Company ), a global nutrition company, today
announced the closing of the previously announced offering of $600 million aggregate principal amount of senior notes due 2025 (the Notes ).
The Notes have a fixed annual interest rate of 7.875%, which will be paid semi-annually on March 1 and September 1 of each year, commencing on
March 1, 2021. The notes are guaranteed on a senior unsecured basis by each of the Company s existing and future subsidiaries that is a domestic borrower or guarantor of the obligations of any domestic borrower under the Company s
senior secured credit facility.
The Company expects to use the net proceeds from this offering for general corporate purposes, which may include
repurchases of its common shares and other capital investment projects, and to pay related fees and expenses.
This press release is neither an offer to
sell nor a solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the
securities laws of any such state or jurisdiction. Any offer, if at all, will be made only pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act ), and outside the United States in reliance on Regulation S
under the Securities Act. The Notes have not been and are not expected to be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements.
About Herbalife Nutrition Ltd.
Herbalife Nutrition is a global company that has been changing people s lives with great nutrition products and a proven business opportunity for its
independent distributors since 1980. The Company offers high-quality, science-backed products, sold in over 90 countries by entrepreneurial distributors who provide
one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle. Through the Company s global campaign to
eradicate hunger, Herbalife Nutrition is also committed to bringing nutrition and education to communities around the world.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
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. Additionally, many of these risks and uncertainties are, and may continue to be amplified by the COVID-19 pandemic. 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 following:
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.
Director, Investor Relations
Source: Herbalife Nutrition Ltd.