HERBALIFE LTD. (HLF): debt financing — Herbalife issues $250M 4.25% convertible senior notes due 2028

HERBALIFE LTD.

Issued $250M principal of 4.25% Convertible Senior Notes due June 15, 2028; net proceeds ~$243.5M.
Initial conversion rate: 58.8998 shares per $1,000 principal (~$16.98 per share).
Initial purchasers have option to buy an additional $37.5M principal within 13 days.
Notes are redeemable at company's option on or after June 15, 2026 if stock price exceeds 130% of conversion price.
Interest payable semiannually on June 15 and December 15, starting June 15, 2023.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HERBALIFE LTD. incurred convertible notes of $250.0 million with Initial Purchasers at 4.25% maturing June 15, 2028.

Instrument: convertible notes
Principal: $250.0 million
Counterparty: Initial Purchasers
Rate: 4.25%
Maturity: June 15, 2028
Event: incurrence

Exact text from the filing

On December 9, 2022, Herbalife Nutrition Ltd. (the “Company”) issued and sold $250.0 million aggregate principal amount of its 4.25% Convertible Senior Notes due 2028 (the “Notes”) to certain initial purchasers

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88 debt financings filed in the last 30 days. Browse all debt financings →

HERBALIFE LTD. filing history →

Source: SEC EDGAR

accession 0001193125-22-301866

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