Herbalife to Offer $800M Senior Secured Notes, Redeem 2029 Notes

Herbalife Ltd. announced a proposed private offering of $800 million aggregate principal amount of senior secured notes by its wholly-owned subsidiaries. Concurrently, the company issued a conditional notice to redeem the full outstanding $800 million of its 12.250% Senior Secured Notes due 2029. This redemption is conditioned upon the completion of new debt financing transactions and receipt of at least $800 million in gross proceeds by April 29, 2026. Additionally, Herbalife issued a press release announcing preliminary results for its first fiscal quarter ended March 31, 2026.