Herbalife Nutrition Raises $250M Via Debt Offering

Herbalife Nutrition Ltd HLF has priced its offering of $250 million of convertible senior notes due 2028.
The convertible notes will pay interest semiannually at a rate of 4.25% per annum and upon conversion, the notes will be settled in cash.
Herbalife also granted the initial purchasers of the convertible notes an option to purchase, within a period of 13 days from initial issue, up to an additional $37.5 million principal amount of convertible notes.
The convertible notes will mature on June 15, 2028, and close the sale on or about December 9, 2022.
The company estimates that the net proceeds from the sale of the convertible notes will be approximately $241.9 million.
Price Action: HLF shares are trading higher by 2.14% at $13.34 in premarket on the last check Wednesday.
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