Herbalife considering amending loan to allow for note repurchase

By Sara Rosenberg

New York, Aug. 10 -Herbalife International Inc. is considering amending its $225 million credit facility to allow for the purchase, repurchase or redemption of up to $50 million of its $275 million 9½% notes due 2011, according to a company news release.

The amendment would need 51% approval.

Morgan Stanley Senior Funding Inc. is the administrative agent on the deal.

Herbalife is an Inglewood, Calif., seller of weight management products, nutritional supplements and personal care products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.