- 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.
- Photo Via Wikimedia Commons
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