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Herbalife Announces A $600 Million Senior Notes Closing

Herbalife Nutrition Ltd. announced the conclusion of a $600 million senior note offering due in 2029. HLF Financial SaRL, LLC and Herbalife International, Inc. had previously announced the notes as part of a previously publicized offering.

The interest rate on these notes is fixed at 4.875 percent per year, and it will be paid semi-annually on 1st June and 1st December of each year, commencing December 1, 2021.

The offering’s net proceeds we will be used to redeem the existing 7.25 percent senior notes due 2026, as well as to support general company activities (such as share repurchases and capital expenditure projects) and pay associated fees and expenses.

On May 21, 2021, the redemption will be finished.

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