Moody’s assigns Herbalife notes B1

Moody’s Investors Service said it assigned a B1 rating to Herbalife Nutrition Ltd.’s new $600 million of senior unsecured 5.25-year notes due 2025.

The notes will be issued at Herbalife Nutrition and HLF Financing, Inc., a wholly owned subsidiary of Herbalife.

Proceeds will be used for general corporate purposes, which may include repurchases of its common shares and other capital investment projects.

The new notes are guaranteed by HLF Financing Sarl, LLC. with the notes supported by upstream guarantees from domestic subsidiaries.

All other ratings for Herbalife, including the Ba3 corporate family rating and Ba3-PD probability of default rating remain unchanged.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.