08:50 AM EDT, 04/01/2024 (MT Newswires) -- Herbalife ( HLF ) said Monday that its HLF Financing and Herbalife International units plan to offer $700 million of senior secured notes due 2029, subject to certain conditions.

The company said it plans to use the proceeds to repay debt, including borrowings under its senior secured credit facility and a portion of its 7.875% senior notes due 2025, and for general corporate purposes.

Herbalife ( HLF ) shares were more than 5% higher in premarket trading.

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