Full Press Release Details
HERBALIFE NUTRITION ANNOUNCES PRICING OF $400 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTE OFFERING
LOS ANGELES (August 9, 2018) Herbalife Nutrition Ltd. (NYSE: HLF) (the Company ) today announced the
pricing of the previously announced offering by HLF Financing SaRL, LLC and Herbalife International, Inc. (the Issuers ), each a wholly owned subsidiary of the Company, of $400 million aggregate principal amount of senior notes due
The Notes have a fixed annual interest rate of 7.250%, which will be paid semi-annually on February 15 and
August 15 of each year, commencing on February 15, 2019. The notes will be guaranteed by Herbalife Nutrition Ltd., the parent company of the Issuers, and will be guaranteed on a senior unsecured basis by each of the Company s existing
and future subsidiaries that will guarantee the obligations of the U.S. domestic borrowers under the Company s new senior secured credit facilities to be entered into on the issue date of the Notes.
The Company expects to use the net proceeds from this offering, together with borrowings under the Company s new senior secured credit facilities, to
refinance all amounts outstanding under its existing senior secured credit facilities and to pay related fees and expenses. Any remaining net proceeds will be used for general corporate purposes.
The transactions are expected to close on August 16, 2018, subject to customary closing conditions.
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 nutrition company that sells weight-management, targeted nutrition, energy and sports and fitness and outer nutrition care products exclusively to and through dedicated Herbalife Nutrition Independent Members in more than 90 countries.
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 approximately $4.4 billion in 2017. The Company supports the Herbalife Nutrition
Foundation (HNF) and its Casa Herbalife programs to help bring good nutrition to children in need.
FORWARD-LOOKING STATEMENTS
This release 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 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, except as required by law.