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Herbalife cuts borrowing costs via credit facility rework

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Herbalife cuts borrowing costs via credit facility rework

|About: Herbalife Nutrition Ltd. (HLF)|By: , SA News Editor 

Herbalife Nutrition (NYSE:HLF) has amended its $250M credit revolver and $234M Term Loan A facility aimed at increasing its borrowing capacity at lower cost.

The credit revolver and loan limits have been increased to $282.5M and $264.8M, respectively.

The interest rate for both is LIBOR + 2.50% (previously LIBOR + 3.00%) while the commitment fee has been cut to 0.35% from 0.50%. The maturity date for both is March 19, 2025.

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