Herbalife Initiates Process to Refinance 2018 Term Loan B
Herbalife Ltd. (NYSE: HLF), a premier health and wellness company, community and platform, today announced the initiation of a refinancing process for its 2018 Term Loan B, which matures in August 2025.
- Herbalife Ltd. (NYSE: HLF), a premier health and wellness company, community and platform, today announced the initiation of a refinancing process for its 2018 Term Loan B, which matures in August 2025.
- As of December 31, 2023, $650.6 million was outstanding under the Term Loan B.
- The previously announced refinancing of the Company’s 2018 Term Loan A and 2018 Revolving Credit Facility is ongoing.
- Overall, the Company is targeting $1.2 billion of secured financing and a $400 million revolving credit facility to repay the Term Loan A, Term Loan B and revolving credit facility, as well as a portion of the 2025 Senior Notes.