10:15 AM EDT, 03/22/2024 (MT Newswires) -- Herbalife ( HLF ) said Friday it has initiated a refinancing process for its 2018 term loan B, maturing in August 2025.

Under the term loan B, $650.6 million was outstanding as of Dec. 31, the company said.

Herbalife ( HLF ) is planning to raise $1.2 billion of secured funding and a revolving credit facility of $400 million for the repayment of term loan A, term loan B, and revolving facility, as well as a part of the 2025 senior notes.

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