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Herbalife readies launch of $600 million term loan for Monday
By Sara Rosenberg
New York, July 26 – Herbalife Nutrition Ltd. is set to hold a bank meeting at noon ET on Monday to launch a $600 million senior secured first-lien term loan, according to a market source.
Jefferies LLC and Rabobank are the lead arrangers on the deal.
Proceeds will be used with an impending unsecured debt offering to refinance an existing credit facility, the source said.
Herbalife is a Los Angeles-based nutrition and weight management company.
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