---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-301866"
form_type: "8-K"
ticker: "HLF"
cik: "0001180262"
company_name: "HERBALIFE LTD."
filed_at: "2022-12-09T23:59:59+00:00"
generated_at: "2026-06-21T06:40:16.129580+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Herbalife issues $250M 4.25% convertible senior notes due 2028

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-301866
- form_type: 8-K
- ticker: HLF
- cik: 0001180262
- company_name: HERBALIFE LTD.
- filed_at: 2022-12-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1180262/000119312522301866/0001193125-22-301866-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1180262/000119312522301866/d431977d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-301866
- JSON: https://secwatch.observer/filing/0001193125-22-301866.json
- Plain text: https://secwatch.observer/filing/0001193125-22-301866.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1180262/000119312522301866/0001193125-22-301866-index.htm

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