Herbalife Plans to Refinance $1.55b Senior Secured Debt

Herbalife plans to refinance its senior secured debt, targeting $1.55b secured financing.

• Expected to include $425m revolving credit facility, $125m Term Loan A, $500m Term Loan B and $500m of other secured debt
• Refinancing expected to extend the maturity profile of the senior secured debt
• Initiated refinancing process for its Term Loan B, which matures in April 2029
  • As of December 31, $370m was outstanding under the Term Loan B

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