Full Press Release Details
Herbalife Nutrition Announces
Proposed Offering of $500 Million of Senior
Notes to Redeem Existing Senior Notes
LOS ANGELES (May 6, 2021) Herbalife Nutrition Ltd. (NYSE: HLF) (the Company ), a global nutrition company, today announced that HLF
Financing SaRL, LLC and Herbalife International, Inc., each a wholly owned subsidiary of the Company, intend, subject to market and other conditions, to offer $500 million aggregate principal amount of senior notes due 2029 (the
Notes ) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act ), and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act.
The Company expects to use the net proceeds from
the offering to redeem all outstanding 7.250% senior notes due 2026, for general corporate purposes, which may include shares repurchases 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 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.
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 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, many of which are beyond our control. 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 or implied by our forward-looking statements include 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.
Senior Director, Investor Relations