- Herbalife Nutrition ( NYSE: HLF ) prices its offering of $250M aggregate principal amount of convertible senior notes due 2028 in a private offering.
- The convertible notes will pay interest semiannually at a rate of 4.25% per annum and upon conversion, will be settled in cash and, if applicable, the company’s shares, based on the applicable conversion rate at such time.
- Net proceeds from the sale of the Convertible Notes will be ~$241.9M or ~$278.4 million if the initial purchasers fully exercise their option.
- Company expects to close the sale on or about December 9, 2022.
For further details see:
Herbalife Nutrition prices $250M senior notes