Moody's rates Herbalife notes B1

Moody's Investors Service said it assigned a B1 rating to Herbalife Nutrition Ltd.'s new $500 million of senior unsecured notes due 2029. The notes will be issued at HLF Financing Sarl, LLC and Herbalife International, Inc. Herbalife Nutrition will guarantee the notes supported by upstream guarantees from the domestic subsidiaries.

All other ratings for Herbalife including the Ba3 corporate family rating and Ba3-PD probability of default rating remain unchanged. The company's SGL-2 speculative grade liquidity rating and stable outlook are unaffected.

The proceeds will be used to redeem all the issuer's 2026 notes and for general corporate purposes, which may include repurchases of its common shares and other capital investment projects.

The outlook is stable.

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