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Herbalife Ltd. (NYSE:HLF) (the "Company"), a global health and wellness company, today announced that HLF Financing SaRL, LLC and Herbalife International, Inc., each a wholly owned subsidiary of the Company, intend, subject to market and other conditions, to offer $700 million aggregate principal amount of senior secured notes due 2029 (the "Notes").
The Company expects to use the net proceeds from the offering to repay indebtedness, including borrowings outstanding under the Company's senior secured credit facility and a portion of the Company's 7.875% Senior Notes due 2025, to pay related fees and expenses and the remainder for general corporate purposes.
Posted In: HLF