Herbalife Nutrition announced that it intends, subject to market and other conditions, to offer $250M aggregate principal amount of convertible senior notes due 2028 in a private offering. The company expects to use the net proceeds from the offering to repurchase a portion of the company’s existing 2.625% convertible senior notes due 2024 from a limited number of holders in privately negotiated transactions, and the remainder of the net proceeds for general corporate purposes.
Published first on TheFly
