March 20, 2018 / 8:28 PM / 9 months ago

BRIEF-Herbalife Announces Proposed Offering Of $500 Mln Aggregate Principal Amount Of Convertible Senior Notes

March 20 (Reuters) - Herbalife Ltd:

* HERBALIFE ANNOUNCES PROPOSED OFFERING OF $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF CONVERTIBLE SENIOR NOTES

* HERBALIFE LTD - ‍INTENDS TO OFFER $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF CONVERTIBLE SENIOR NOTES DUE 2024 IN A PRIVATE OFFERING​

* HERBALIFE LTD - ‍EXPECTS TO USE NET PROCEEDS FROM OFFERING TO REPURCHASE A PORTION OF COMPANY’S EXISTING 2.00 PCT CONVERTIBLE SENIOR NOTES DUE 2019 Source text for Eikon: Further company coverage:

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