Herbalife closed a new $1.45 billion senior secured credit facility, consisting of a $150 million revolving credit facility maturing in 2022 and a $1.3 billion term loan maturing in 2023.

“This credit facility affords us the financial flexibility to continue to create long-term value for our shareholders, capitalize on our solid business fundamentals, and realize our global market potential,” said Herbalife CFO John DeSimone. “We thank our banking partners for their confidence and commitment in Herbalife Nutrition.”

Credit Suisse acted as administrative agent for the new term loan and collateral agent for the credit facility. Rabobank acted as administrative agent for the revolving credit facility, and Citizens Bank acted as documentation agent for the credit facility. Credit Suisse and Rabobank acted as joint book runners and joint lead arrangers of the transaction. The new facility replaces Herbalife’s senior secured revolving credit facility which was due to mature in March 2017.

Herbalife is a global nutrition company.