Herbalife Amends Credit Facility With BofA Merrill Lynch, Others
Herbalife Ltd. announced in its earnings report that it amended its credit facility to add a new $500 million term loan to the existing $700 million senior credit facility entered into in March 2011.
Bank of America Merrill Lynch with RaboBank, HSBC and Wells Fargo arranged the facility as joint lead arrangers and joint book managers.
Chief financial officer John DeSimone stated, “We believe that this new credit facility is yet another reflection of the financial strength of the company and will provide additional flexibility as we look to continue to increase shareholder value.”
Herbalife Ltd. is a global nutrition company that sells weight-management, nutrition and personal care products intended to support a healthy lifestyle.