Current Report Filing (8-k)
May 06 2015 - 5:10PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): May 4, 2015
Herbalife Ltd.
(Exact
Name of Registrant as Specified in Charter)
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| Cayman Islands |
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1-32381 |
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98-0377871 |
| (State or Other Jurisdiction
of Incorporation) |
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(Commission
File Number) |
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(IRS Employer
Identification No.) |
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| P.O. Box 309GT, Ugland House,
South Church Street, Grand Cayman
Cayman Islands |
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KY1-1106 |
| (Address of Principal Executive Offices) |
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(Zip Code) |
Registrant’s telephone number, including area code: c/o (213) 745-0500
Not Applicable
(Former
Name or Former Address, if Changed Since Last Report)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
On May 4, 2015, Herbalife Ltd. issued a press release announcing the closing of the
third amendment of its existing syndicated credit agreement.
A copy of the press release is attached hereto as Exhibit 99.1 and only the portions thereof
with respect to the amendment of the syndicated credit agreement are incorporated by reference herein.
| Item 9.01 |
Financial Statements and Exhibits. |
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| 99.1 |
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Press Release issued by Herbalife Ltd. on May 4, 2015. |
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.
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Herbalife Ltd. |
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| May 6, 2015 |
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By: |
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/s/ Mark J. Friedman |
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Name: |
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Mark J. Friedman |
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Title: |
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General Counsel |
EXHIBIT INDEX
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| Exhibit |
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Description of Exhibit |
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| 99.1 |
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Press Release issued by Herbalife Ltd. on May 4, 2015. |
Exhibit 99.1
May 4, 2015
Herbalife Announces Amendment to Extend Credit Facility
LOS ANGELES—(BUSINESS WIRE)— Herbalife Ltd. (NYSE: HLF) today announced the closing of the third amendment of its existing syndicated credit
agreement, dated as of March 9, 2011, with Bank of America Merrill Lynch as Administrative Agent.
As of March 31, 2015, the company had $500
million drawn on its revolving credit facility and a $325 million balance on its term loan. The amendment restates the existing credit agreement to, among other things, extend the maturity of $425 million of the revolving credit facility from
March 9, 2016 until March 9, 2017. No changes were made to the maturity date of the company’s term loan, which will mature on March 9, 2016.
Among other conditions, the company will make principal payments of approximately $51 million on the revolving credit facility and $20 million on the term
loan upon closing of the amendment, and stepdown the balance of the revolving credit facility to $425 million with an additional payment in September 2015.
About Herbalife Ltd.
Herbalife Ltd. (NYSE:HLF) is a
35-year-old global nutrition company that sells weight-management, nutrition and personal care products intended to support a healthy lifestyle. Herbalife products are sold in more than 90 countries to and through a network of independent
distributors. The company supports the Herbalife Family Foundation and its Casa Herbalife program to help bring good nutrition to children. Herbalife’s website contains a significant amount of financial and other information about the company
at http://ir.Herbalife.com. The company encourages investors to visit its website from time to time, as information is updated and new information is posted.
Herbalife Ltd.
Media Contact:
Julian Cacchioli, 213-745-0519
or
Investor Contact:
Alan Quan, 213-745-0541
Source: Herbalife Ltd.
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