Rabobank served as administrative agent for an amendment to Herbalife Nutrition’s existing credit agreement, which increased borrowing capacity, extended the maturity date and reduced the interest rate applicable to its $250 million revolver and $234 million term loan A facility.

Borrowing capacity under the revolver increased by $32.5 million to $282.5 million and the term loan A increased by $30.5 million to $264.8 million. The interest rate applicable to the revolver and term loan A as a result of the amendment is LIBOR plus 2.50%, a reduction of 0.50% from the previous interest rate of LIBOR plus 3.00%. The commitment fee applicable to the undrawn portion of the revolver is 0.35%, a reduction of 0.15%.

The maturity date for the Revolver and term loan A has been extended to March 19, 2025. No changes were made to the financial covenants.

Herbalife Nutrition is a global nutrition company.