Herbalife to start roadshow Monday for $400 million eight-year notes

By Paul A. Harris

Portland, Ore., Aug. 3 – Herbalife Nutrition Ltd. plans to start a roadshow on Monday in Los Angeles for a $400 million offering of eight-year senior notes, according to a syndicate source.

The roadshow travels to New York on Tuesday and to Boston on Wednesday.

The offer is also expected to be marketed by means of investor calls on Thursday.

The Rule 144A and Regulation S for life offering is set to price late in the week of Aug. 6.

Jefferies LLC is the left bookrunner. Rabo Securities, Citigroup Global Markets Inc., Citizens Bank, Fifth Third Bank and Mizuho Securities are the joint bookrunners. Capital One and Commerz are the co-managers.

The notes come with three years of call protection.

The issuing entities are HLF Financing Sarl and HLF Financing US, LLC.

The Los Angeles-based nutrition company plans to use the proceeds, along with its concurrent term loans A and B, to refinance its existing credit facility.

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