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Stock impact report

Herbalife Nutrition Completes Reprice of Term Loan a Facility and Extends Maturity Date of Revolving Credit; Reduces Borrowing Costs

Herbalife Nutrition Ltd. (HLF) 
Last herbalife nutrition ltd. earnings: 2/18 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.herbalife.com
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Herbalife Nutrition (NYSE: HLF), a premier global nutrition company, announced an amendment to its existing credit agreement that increased borrowing capacity, extended the maturity and reduced the interest rate applicable to its $250 million Revolver and $234 million Term Loan A facility ("Term Loan A"). Borrowing capacity under the Revolver increased by $32.5 million to $282.5 million and the Term Loan A increased by $30.5 million to $264.8 million. The interest rate applicable to the Revolver and Term Loan A as a result of the amendment is LIBOR plus 2.50%, a reduction of 0.50% from the previous interest rate of LIBOR plus 3.00%. The commitment fee applicable to the undrawn portion of the Revolver is 0.35%, a reduction of 0.15%.The maturity date for the Revolver and Term Loan A has been extended to March 19, 2025. No changes were made to the financial covenants.About Herbalife Nutrition Ltd.Herbalife Nutrition is a global company that has been chan Show less Read more
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