- Herbalife Nutrition Ltd HLF Has put his offer at $250 million of senior convertible bonds due 2028.
- The convertible bonds will bear interest semi-annually at a rate of 4.25% per annum and upon conversion the bonds will be settled in cash.
- Herbalife also granted the original purchasers of the convertible debentures an option to purchase up to $37.5 million in convertible debentures for a period of 13 days from the initial issuance.
- The convertible debentures will mature on June 15, 2028 and close on or about December 9, 2022.
- The Company estimates that net proceeds from the sale of the convertible debentures will be approximately $241.9 million.
- Price promotion: HLF shares are trading up 2.14% at $13.34 on the last check Wednesday premarket.
- Photo via Wikimedia Commons
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