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Herbalife to redeem $300 million of 7 7/8% senior notes due 2025
By Wendy Van Sickle
Columbus, Ohio, April 12 – Herbalife Ltd. (HLF Financing Sarl LLC) plans to redeem $300 million of its $600 million of 7 7/8% senior notes due 2025 at 101.969 using some proceeds of $800 million of revolving and term B loans and an $800 million issue of new 12¼% five-year senior secured notes, according to a news release.
Proceeds from those transactions will also be used to refinance an existing term loan B due August 2025 with an outstanding balance of $650.6 million as of Dec. 31 and to refinance an existing term loan A and revolver.
Herbalife is a Los Angeles-based health and wellness company.
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