debt
confidence high
sentiment positive
materiality 0.65
Herbalife prices $800M of 7.750% senior secured notes due 2033; proceeds to refinance higher-cost debt
HERBALIFE LTD.
- $800M aggregate principal at 7.750% fixed, due 2033; priced at 100% of par.
- Interest payable semi-annually on May 1 and Nov 1, starting Nov 1, 2026.
- Net proceeds to repay existing debt including 12.250% Senior Secured Notes due 2029.
- Offering expected to close April 29, 2026, subject to customary conditions.
- Notes not registered; offered under Rule 144A and Regulation S.