secwatch.observer — SEC 8-K summary
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Issuer:     HERBALIFE LTD. (HLF)
CIK:        0001180262
Form:       8-K
Filed at:   2022-12-07T23:59:59+00:00
Accession:  0001193125-22-299732
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1180262/000119312522299732/0001193125-22-299732-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1180262/000119312522299732/d421038d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-299732

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