Herbalife planning to redeem 9½% notes due 2011

By Jennifer Chiou

New York, June 27 - Herbalife Ltd. and its indirect subsidiary Herbalife International, Inc. announced that they intend to redeem their 9½% notes due 2011.

The company said it is considering a potential refinancing transaction with a new senior secured credit facility, which will be used in the redemption.

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

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