W.H. Holdings Registers Herbalife for Initial Public Offering

December 6, 2004

1 Min Read
W.H. Holdings Registers Herbalife for Initial Public Offering


W.H. Holdings Registers Herbalife for Initial Public Offering

LOS ANGELES & SOUTH GRAND CAYMAN, Cayman Islands W.H.Holdings Ltd. and its wholly owned subsidiary Herbalife International Inc.announced W.H. Holdings filed a registration statement on Form S-1 with the U.S.Securities and Exchange Commission (SEC) for a proposed initial public offeringfor Herbalife. The proposed offering is for a maximum of $345 million of newlyissued common shares.

W.H. Holdings said it will use the proceeds of the offeringtoward Herbalifes outstanding 11.75 percent senior subordinated notes due2010, W.H. Holdings outstanding 9.5 percent notes due 2011, otherindebtedness, and a cash dividend for existing shareholders plus relatedexpenses. Morgan Stanley and Merrill Lynch & Co. are expected to serve asthe joint book-running managers for the proposed offering.

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