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Latham Advises on Herbalife’s US$1.6 Billion Senior Secured Refinancing

April 15, 2024
Capital markets and banking teams represent initial purchasers and lenders in the transaction.

Herbalife Ltd. (NYSE: HLF), a global health and wellness company, has announced the closing of the previously announced private offering by its wholly owned subsidiaries, HLF Financing SaRL, LLC and Herbalife International, Inc., of US$800 million aggregate principal amount of 12.25% senior secured notes due 2029 and entry into a US$400 million senior secured term loan B facility and a US$400 million senior secured revolving credit facility.

Latham & Watkins LLP represented the initial purchasers and lenders in the transaction with a corporate team led by partners Marc Jaffe, Nathan Ajiashvili, and Erika Weinberg, with associates Sara Johnson, Isabelle Sawhney, MacLane Taggart, and Vanessa Hillabrand, and a banking team led by partners Eugene Mazzaro and Jesse Sheff, with associates Aditi Sharma, Christian DeSimone, and Victoria Basedow.