---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-299732"
form_type: "8-K"
ticker: "HLF"
cik: "0001180262"
company_name: "HERBALIFE LTD."
filed_at: "2022-12-07T23:59:59+00:00"
generated_at: "2026-06-21T08:00:35.323466+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Herbalife Nutrition prices $250M 4.25% convertible notes due 2028; to repurchase $287.5M existing notes

## Summary
- Priced $250 million aggregate principal of 4.25% convertible senior notes due June 15, 2028, plus $37.5M option for initial purchasers.
- Initial conversion price ~$16.98 per share, a 30% premium over Dec. 6 closing of $13.06.
- Net proceeds estimated at $241.9M (or ~$278.4M if option fully exercised).
- Proceeds plus revolving credit borrowings to repurchase $287.5M of existing 2.625% convertible notes due 2024.
- Closing expected on or about Dec. 9, 2022.

## SEC filing metadata
- accession: 0001193125-22-299732
- form_type: 8-K
- ticker: HLF
- cik: 0001180262
- company_name: HERBALIFE LTD.
- filed_at: 2022-12-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1180262/000119312522299732/0001193125-22-299732-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1180262/000119312522299732/d421038d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-299732
- JSON: https://secwatch.observer/filing/0001193125-22-299732.json
- Plain text: https://secwatch.observer/filing/0001193125-22-299732.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.