Herbalife down, announces $250 mln convertible offering

Herbalife

05/12/2022 21:48

** Shares of nutrition co Herbalife Nutrition Ltd  HLF.N 
down 10.34% at $15.70 in after-hours trade 
    ** HLF says it plans to offer $250 mln aggregate principal
amount of convertible senior notes due 2028
    ** Expects to use proceeds from offering to repurchase
portion of existing 2.625% convertible senior notes due 2024
    ** YTD, HLF down ~57% 
 (Reporting by Nathan Gomes in Bengaluru)
 ((Nathan.Gomes@thomsonreuters.com;))