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Stock Market & Financial Investment News

News Breaks
February 4, 2014
06:39 EDTHLFHerbalife announces credit facility amendment
Herbalife announced it entered into an amendment relating to its $500M senior term loan and $700M senior revolving loan credit facility, which will become effective upon the consummation of the issuance of the company’s 2% Senior Convertible Notes due 2019, the pricing of which the company announced today. Pursuant to this amendment, Herbalife will amend the terms of its credit facility to provide for technical amendments to the indebtedness, asset sale and dividend covenants and the cross-default event of default to accommodate the issuance of the convertible notes and the capped call option entered into in connection therewith. The amendment will also increase by 0.50% the highest applicable margin payable by Herbalife in the event that Herbalife’s consolidated total leverage ratio exceeds 2.50 to 1.00 and increase the permitted consolidated total leverage ratio of Herbalife under the credit facility.
News For HLF From The Last 14 Days
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August 27, 2014
11:09 EDTHLFHerbalife at highs following Icahn tweet
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August 25, 2014
11:44 EDTHLFStocks with call strike movement; PVA HLF
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August 22, 2014
14:28 EDTHLFHerbalife off earlier lows, levels to watch
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13:45 EDTHLFAckman likely pressed bearish options bet on Herbalife, CNBC reports
Bill Ackman of Pershing Square likely pressed his bearish options bet on Herbalife, based on options trading activity, CNBC's Scott Wapner reports.

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