Item 1.01. Entry into a Material Definitive Agreement.
On February 10, 2021, Herbalife Nutrition Ltd., a Cayman Islands exempted
company incorporated with limited liability ("Herbalife Nutrition"), HLF
Financing SaRL, LLC, an indirect wholly-owned subsidiary of Herbalife Nutrition
("HLF Financing"), Herbalife International, Inc., an indirect wholly-owned
subsidiary of Herbalife Nutrition ("HII"), and Herbalife International
Luxembourg S.à R.L., an indirect wholly-owned subsidiary of Herbalife Nutrition
("HIL" and, collectively with Herbalife Nutrition, HLF Financing and HII, the
"Borrowers"), certain subsidiaries of the Borrowers party thereto as guarantors,
the lenders party thereto, and Jefferies Finance LLC, as administrative agent
for the lenders under the term loan B facility and as collateral agent
("Jefferies"), entered into a third amendment (the "Third Amendment") to the
Credit Agreement dated as of August 16, 2018 among the Borrowers, the lenders
party thereto, Jefferies, and Coöperatieve Rabobank U.A., New York Branch, as
administrative agent for the lenders under the term loan A facility and the
revolving credit facility (the "Credit Agreement"). Pursuant to the Third
Amendment, among other things, the interest rate for borrowings under the term
loan B facility under the Credit Agreement will be reduced to either the
eurocurrency rate plus a margin of 2.50%, or the base rate plus a margin of
1.50%.
The foregoing summary of the Third Amendment is not complete and is qualified in
its entirety by reference to the complete text of the Third Amendment a copy of
which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
10.1 Third Amendment to Credit Agreement, dated as of February 10, 2021, by
and among HLF Financing SaRL, LLC, Herbalife Nutrition Ltd., Herbalife
International Luxembourg S.à R.L., Herbalife International, Inc.,
Herbalife Nutrition's subsidiaries party thereto as subsidiary guarantors,
the several banks and other financial institutions or entities party
thereto as lenders and Jefferies Finance LLC, as administrative agent for
the Term Loan B Lenders and collateral agent.
104 Cover Page Interactive Data File - The cover page from the Company's
Current Report on Form 8-K filed on February 11, 2021 is formatted in
Inline XBRL (included as Exhibit 101).
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