debt
confidence high
sentiment neutral
materiality 0.80
Herbalife Nutrition amends credit agreement, increases facilities and adds sustainability pricing
HERBALIFE LTD.
- Increased Term Loan A facility from ~$245M to ~$286.2M and Revolving Credit facility from $282.5M to $330M.
- Reduced interest rate margins to eurocurrency rate plus 1.75%-2.25% or base rate plus 0.75%-1.25% based on leverage.
- Added sustainability-linked pricing adjustment tied to S&P Global ESG score, virgin plastic, emissions, and female executives.
- Intends to use additional borrowings to prepay a portion of Term Loan B facility.