UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.02 | Termination of a Material Definitive Agreement. |
On May 21, 2021, HLF Financing SaRL, LLC and Herbalife International, Inc. (collectively, the “Issuers”), each an indirect wholly-owned subsidiary of Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability, completed the previously announced redemption of all $400 million outstanding aggregate principal amount of 7.250% senior notes due August 2026 (the “2026 Notes”). The 2026 Notes were redeemed at a redemption price of 105.182% of the outstanding aggregate principal amount, plus accrued and unpaid interest to, but excluding the redemption date, in accordance with the indenture governing the 2026 Notes (the “2026 Notes Indenture”), resulting in an aggregate payment of approximately $428.5 million. As a result, the 2026 Notes Indenture was satisfied and discharged and the Issuers and guarantors have no further obligations under the 2026 Notes, the related guarantees or the 2026 Notes Indenture.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Herbalife Nutrition Ltd. | ||||||||
| May 21, 2021 | By: | /s/ Alexander Amezquita | ||||||
| Name: | Alexander Amezquita | |||||||
| Title: | Chief Financial Officer | |||||||