secwatch.observer — SEC 8-K summary
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Issuer:     HERBALIFE LTD. (HLF)
CIK:        0001180262
Form:       8-K
Filed at:   2022-12-09T23:59:59+00:00
Accession:  0001193125-22-301866
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1180262/000119312522301866/0001193125-22-301866-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1180262/000119312522301866/d431977d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-301866

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