Herbalife Pauses Debt Offering as Investors Shun Risky Loans

A group of lenders led by Bank of America Corp. has shelved a $500 million loan offering for Herbalife Ltd., according to people with direct knowledge of the matter.

The nutrition-focused multilevel-marketing company launched the deal last week to refinance debt maturing in 2029. Investor commitments were due March 4.

The transaction was to also include the sale of “other secured debt,” according to a person familiar with the matter. Such borrowings often end up being junk bonds, but no offering has launched yet.

Herbalife “remains committed to completing a successful refinancing,” a spokesperson said by email on Friday. ...