Herbalife Nutrition Announces Pricing of Upsized $600 Million Senior Notes Offering to Redeem Outstanding Senior Notes

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Herbalife Nutrition Ltd. (NYSE: HLF) (the “Company”), a worldwide diet firm, at this time introduced the upsizing and pricing of the beforehand introduced providing, by HLF Financing SaRL, LLC and Herbalife International, Inc., every an entirely owned subsidiary of the Company, of $600 million mixture principal quantity of senior notes due 2029 (the “Notes”). The mixture principal quantity of the Notes to be issued within the providing was elevated to $600 million from the beforehand introduced quantity of $500 million.

The Notes have a hard and fast annual rate of interest of 4.875%, which will probably be paid semi-annually on June 1 and December 1 of every 12 months, commencing on December 1, 2021. The Notes will probably be assured on a senior unsecured foundation by every of the Company and the Company’s current and future subsidiaries that could be a guarantor of the obligations of any home borrower below the Company’s senior secured credit score facility.

The Company expects to make use of the web 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 providing is predicted to shut on May 20, 2021, topic to customary closing circumstances.

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 by which such a proposal, solicitation or sale could be illegal previous to the registration or qualification below the securities legal guidelines of any such state or jurisdiction. Any provide, if in any respect, will probably be made solely pursuant to Rule 144A below the Securities Act of 1933, as amended (the “Securities Act”), and out of doors the United States in reliance on Regulation S below the Securities Act. The Notes haven’t been and aren’t anticipated to be registered below the Securities Act or the securities legal guidelines of another jurisdiction and might not be supplied or offered within the United States absent registration or an relevant exemption from registration necessities.

About Herbalife Nutrition Ltd.

Herbalife Nutrition is a worldwide firm that has been altering individuals’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, offered in over 90 nations by entrepreneurial distributors who present one-on-one teaching and a supportive group that evokes their prospects to embrace a more healthy, extra lively way of life. Through the Company’s international 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 which means of the secure harbor provisions of the Private Securities Litigation Reform Act of 1995. Although we imagine that the expectations mirrored in any of our forward-looking statements are affordable, 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, lots 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 elements 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, prospects, and provide chain; and the world financial system;
  • our skill to draw and retain Members;
  • our relationship with, and our skill to affect the actions of, our Members;
  • our noncompliance with, or improper motion by our workers or Members in violation of, relevant U.S. and overseas legal guidelines, guidelines, and rules;
  • adversarial publicity related to our Company or the direct-selling business, together with our skill to consolation {the marketplace} and regulators relating to 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 results thereof and any failure to conform therewith;
  • dangers related to working internationally and in China;
  • our dependence on elevated penetration of current markets;
  • any materials disruption to our enterprise brought on by pure disasters, different catastrophic occasions, acts of battle 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 rules or any safety breach involving the misappropriation, loss, or different unauthorized use or disclosure of confidential data;
  • contractual limitations on our skill to broaden or change our direct-selling enterprise mannequin;
  • our reliance on our data know-how infrastructure and manufacturing services and people of our exterior 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 staff;
  • restrictions imposed by covenants within the agreements governing our indebtedness;
  • dangers associated to our convertible notes;
  • adjustments in, and uncertainties regarding, the applying of switch pricing, customs duties, worth added taxes, and different tax legal guidelines, treaties, and rules, or their interpretation;
  • our incorporation below 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 legislation.

Media Contact:

Jennifer Butler

VP, Media Relations


Investor Contact:

Eric Monroe

Senior Director, Investor Relations


Source: Herbalife Nutrition Ltd.

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