Herbalife Nutrition Announces Closing of $600 Million Senior Notes at Rate of 4.875%

LOS ANGELES–()–Herbalife Nutrition Ltd. (the “Company”), a world diet firm, right this moment introduced the closing of the beforehand introduced providing by HLF Financing SaRL, LLC and Herbalife International, Inc., every a completely owned subsidiary of the Company, of $600 million combination principal quantity of senior notes due 2029 (the “Notes”).

The Notes have a set annual rate of interest of 4.875%, which shall be paid semi-annually on June 1 and December 1 of every 12 months, commencing on December 1, 2021. The Notes are assured on a senior unsecured foundation by every of the Company and the Company’s present and future subsidiaries that may be a guarantor of the obligations of any home borrower underneath the Company’s senior secured credit score facility.

The Company will use the online proceeds from the providing to redeem all excellent 7.250% senior notes due 2026, for normal company functions, which can embrace share repurchases and different capital funding tasks, and to pay associated charges and bills. The Company expects the redemption to be accomplished on May 21, 2021.

This press launch is neither a proposal to promote nor a solicitation of a proposal to purchase the Notes, nor shall there be any sale of the Notes in any state or jurisdiction wherein such a proposal, solicitation or sale can be illegal previous to the registration or qualification underneath the securities legal guidelines of any such state or jurisdiction. Any provide, if in any respect, shall be made solely pursuant to Rule 144A underneath the Securities Act of 1933, as amended (the “Securities Act”), and outdoors the United States in reliance on Regulation S underneath the Securities Act. The Notes haven’t been and aren’t anticipated to be registered underneath the Securities Act or the securities legal guidelines of another jurisdiction and might not be provided or bought within the United States absent registration or an relevant exemption from registration necessities.

About Herbalife Nutrition Ltd.

Herbalife Nutrition (NYSE: HLF) is a world firm that has been altering folks’s lives with nice diet merchandise and a confirmed enterprise alternative for its unbiased distributors since 1980. The Company presents high-quality, science-backed merchandise, bought in over 90 international locations by entrepreneurial distributors who present one-on-one teaching and a supportive group that evokes their clients to embrace a more healthy, extra energetic life-style. Through the Company’s world marketing campaign to eradicate starvation, Herbalife Nutrition can also be dedicated to bringing diet and schooling to communities all over the world.

Forward-Looking Statements

This launch incorporates “forward-looking statements” throughout the that means of the protected harbor provisions of the Private Securities Litigation Reform Act of 1995. Although we consider that the expectations mirrored in any of our forward-looking statements are cheap, precise outcomes might differ materially from these projected or assumed in any of our forward-looking statements. Our future monetary situation and outcomes of operations, in addition to any forward-looking statements, are topic to vary and to inherent dangers and uncertainties, a lot of that are past our management. Additionally, many of those dangers and uncertainties are, and will proceed to be, amplified by the COVID-19 pandemic. Important components that would trigger our precise outcomes, efficiency and achievements, or business outcomes to vary materially from estimates or projections contained in or implied by our forward-looking statements embrace the next:

  • the potential impacts of the COVID-19 pandemic on us; our Members, clients, and provide chain; and the world financial system;
  • our capacity to draw and retain Members;
  • our relationship with, and our capacity to affect the actions of, our Members;
  • our noncompliance with, or improper motion by our staff or Members in violation of, relevant U.S. and overseas legal guidelines, guidelines, and laws;
  • hostile publicity related to our Company or the direct-selling business, together with our capacity to consolation {the marketplace} and regulators concerning our compliance with relevant legal guidelines;
  • altering client preferences and calls for;
  • the aggressive nature of our enterprise and business;
  • authorized and regulatory issues, together with regulatory actions regarding, or authorized challenges to, our merchandise or community advertising and marketing program and product legal responsibility claims;
  • the Consent Order entered into with the FTC, the consequences thereof and any failure to conform therewith;
  • dangers related to working internationally and in China;
  • our dependence on elevated penetration of present markets;
  • any materials disruption to our enterprise brought on by pure disasters, different catastrophic occasions, acts of conflict or terrorism, cybersecurity incidents, pandemics and/or different acts by third events;
  • noncompliance by us or our Members with any privateness legal guidelines, guidelines, or laws or any safety breach involving the misappropriation, loss, or different unauthorized use or disclosure of confidential info;
  • contractual limitations on our capacity to develop or change our direct-selling enterprise mannequin;
  • our reliance on our info know-how infrastructure and manufacturing services and people of our outdoors producers;
  • the sufficiency of our emblems and different mental property;
  • product focus;
  • our reliance upon, or the loss or departure of any member of, our senior administration crew;
  • restrictions imposed by covenants within the agreements governing our indebtedness;
  • dangers associated to our convertible notes;
  • modifications in, and uncertainties referring to, the appliance of switch pricing, customs duties, worth added taxes, and different tax legal guidelines, treaties, and laws, or their interpretation;
  • our incorporation underneath the legal guidelines of the Cayman Islands; and
  • share worth volatility associated to, amongst different issues, speculative buying and selling and sure merchants shorting our frequent shares.

We don’t undertake any obligation to replace or launch any revisions to any forward-looking assertion or to report any occasions or circumstances after the date hereof or to mirror the incidence of unanticipated occasions, besides as required by regulation.

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