Herbalife Nutrition Announces Proposed Offering of $250 Million Aggregate Principal Amount of Convertible Senior Notes – Oil City Derrick

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Cloudy this evening with showers after midnight. Low around 35F. Winds SE at 5 to 10 mph. Chance of rain 60%..
Cloudy this evening with showers after midnight. Low around 35F. Winds SE at 5 to 10 mph. Chance of rain 60%.
Updated: December 5, 2022 @ 8:53 pm
LOS ANGELES–(BUSINESS WIRE)–Dec 5, 2022–
Herbalife Nutrition Ltd. (NYSE: HLF) (the “Company”) today announced that it intends, subject to market and other conditions, to offer $250 million aggregate principal amount of convertible senior notes due 2028 (the “Convertible Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In addition, the Company expects to grant the initial purchasers of the Convertible Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Convertible Notes are first issued, up to an additional $37.5 million principal amount of Convertible Notes.
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Monday, Dec. 5
Monday, Dec. 5
Monday, Dec. 5
WASHINGTON — The final version of the fiscal 2023 defense authorization bill is likely to rescind Defense Secretary Lloyd J. Austin III’s August 2021 memo ordering COVID-19 vaccines for most troops, a source familiar with the matter said Monday.
The U.S. Senate has confirmed the appointment of a federal magistrate from southern Indiana to the 7th U.S. Circuit Court of Appeals. The Senate voted 60-31 Monday to confirmed Doris L. Pryor. Since March 2018, Pryor has served as magistrate judge for the Southern District of Indiana. Before that, she served as an assistant U.S. attorney for the Southern District of Indiana. Republican Sen. Todd Young of Indiana says Pryor “is a public servant of the highest caliber.” She will be the first Black from Indiana ever to serve on the 7th Circuit, which covers Indiana, Illinois and Wisconsin.
Monday, Dec. 5
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TOLEDO, Ohio–(BUSINESS WIRE)–Dec 5, 2022–
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