Herbalife structures deal; $150 million, 100 million euros eight-year notes talked at 11%-11¼%

By Paul A. Harris

St. Louis, Mo., June 18 - Herbalife International announced the tranche sizes of its upcoming offering of senior subordinated notes (B3/B) on Tuesday. The Los Angeles-based maker of personal care products will sell $150 million and €100 million of eight-year notes.

Price talk on both tranches is 11%-11¼%, according to a syndicate source. The deal is expected to price Friday morning.

The euro/Rule 144A notes are non-callable for four years.

Proceeds will be used to fund the acquisition of Herbalife by Whitney & Co. and Golden Gate Capital.

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