Company News

Herbalife Subsidiary Contemplates Amendment to Existing Credit Facility

Author Image

By: TOM BRANNA

Editor

Herbalife Ltd. announced that Herbalife International, Inc. is considering an amendment to its $225 million credit facility with a syndicate of financial institutions, with Morgan Stanley Senior Funding, Inc. as administrative agent. The amendment would allow the purchase, repurchase or redemption of up to $50,000,000 aggregate principal amount of Herbalife’s $275 million aggregate principal amount 9 1/2% Notes due 2011. The amendment would have to be approved by lenders holding at least 5...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters