Herbalife goes on the road May 27 with $220 million dollar/euro eight-year notes

By Paul A. Harris

St. Louis, Mo., May 20 - Herbalife International, Inc. will start its European roadshow on May 27 for an offering of $200 million eight-year senior subordinated notes in dollar and euro tranches, according to a syndicate source.

The tentative roadshow dates are May 27-30 in Europe and June 11-20 in the U.S., according to the source, who explained that Herbalife has a prior engagement scheduled between the European and U.S. roadshows.

UBS Warburg is the bookrunner.

Tranche sizes and ratings remain to be determined according to the syndicate source. The notes are non-callable for four years.

Proceeds from the deal - being offered under Rule 144A in the U.S. - will be used to help fund the acquisition of Herbalife by Whitney & Co. and Golden Gate Capital.

The Los Angeles-based company makes personal care products.

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