Herbalife Prices $800 Million Senior Secured Notes Offering

Proceeds to be used for debt repayment and refinancing

Apr. 15, 2026 at 11:05pm

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A dramatic close-up of intricate, industrial-looking banking machinery and mechanisms, conveying a sense of financial security and institutional power without using literal currency or charts.Herbalife's $800 million debt offering signals the company's efforts to strengthen its financial foundation amid economic headwinds.Los Angeles Today

Herbalife Ltd. (NYSE: HLF), a global health and wellness company, announced the pricing of an $800 million offering of senior secured notes due 2033. The notes will carry a fixed annual interest rate of 7.750% and be used to repay existing indebtedness, including borrowings under the company's senior secured credit facility and existing senior secured notes.

Why it matters

This debt offering allows Herbalife to refinance and extend its debt maturity profile, providing more financial flexibility as the company navigates current macroeconomic conditions and continues to invest in growth initiatives. The successful pricing of the notes at par demonstrates continued investor confidence in Herbalife's business model and long-term prospects.

The details

The $800 million in senior secured notes will be issued by Herbalife's wholly-owned subsidiaries HLF Financing SaRL, LLC and Herbalife International, Inc. The notes will be guaranteed by Herbalife Ltd. and its existing and future subsidiaries that guarantee the company's senior secured credit facility. Herbalife plans to use the net proceeds, along with other financing, to repay outstanding borrowings under its existing credit facility and senior secured notes.

  • The offering is expected to close on April 29, 2026.
  • The 7.750% interest on the notes will be paid semi-annually on May 1 and November 1, beginning November 1, 2026.

The players

Herbalife Ltd.

A global health and wellness company that sells nutrition, weight management, sports, and personal care products through a network of independent distributors.

HLF Financing SaRL, LLC

A wholly-owned subsidiary of Herbalife Ltd. that is issuing the $800 million in senior secured notes.

Herbalife International, Inc.

A wholly-owned subsidiary of Herbalife Ltd. that is co-issuing the $800 million in senior secured notes.

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The takeaway

This debt refinancing allows Herbalife to extend its maturity profile and maintain financial flexibility as it continues to invest in growth initiatives and navigate the current economic environment. The successful pricing of the notes at par demonstrates ongoing investor confidence in the company's business model and long-term prospects.