BofA Agents Nu Skin Syndicated Facility
Nu Skin Enterprises announced the closing of a new $375 million syndicated credit facility. According to an 8-K filing, Bank of America served as administrative agent, and HSBC Bank, Royal Bank of Canada, Fifth Third Bank, KeyBank, Zions First National Bank and Deutsche Bank New York Branch acted as lenders.
A portion of the proceeds was used to pay off other outstanding debt, with the remainder available for working capital and other corporate purposes.
“We are pleased with the structure of this new facility and the support of additional financial partners,” said Ritch Wood, chief financial officer. “This facility provides the company greater flexibility to return value to shareholders.”
Nu Skin Enterprises offers an antiaging product portfolio.