Herbalife Announces Plans to Refinance Senior Secured Debt

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Herbalife Ltd., a premier health and wellness company, has announced plans to refinance its senior secured debt. The company is targeting $1.55 billion in new secured financing, which is expected to include a $425 million revolving credit facility, a $125 million Term Loan A, a $500 million Term Loan B, and $500 million of other secured debt. The refinancing is also expected to extend the maturity profile of the senior secured debt.

Why it matters

The refinancing will help Herbalife manage its debt obligations and provide additional financial flexibility as the company continues to focus on its health and wellness business. The move comes as the company navigates the evolving consumer landscape and industry standards, including in areas like sustainability and environmental, social, and governance (ESG) matters.

The details

Herbalife has initiated the refinancing process for its existing $370 million Term Loan B, which matures in April 2029. The terms of the proposed refinancing transactions will be disclosed upon completion of the transactions, which are subject to customary closing conditions. There is no assurance that the allocations among the debt instruments will not change or that the refinancings will occur successfully.

• Herbalife announced the refinancing plans on February 23, 2026.
• The company's existing $370 million Term Loan B matures in April 2029.

What’s next

The terms of the proposed refinancing transactions will be disclosed upon any completion of the transactions, which are subject to customary closing conditions.