Herbalife Faces Financial Obligation Triggers

TL;DR

Herbalife's got a new financial obligation that's triggering some serious acceleration clauses.

AI Summary

Herbalife Ltd. announced on April 12, 2024, that it entered into a material definitive agreement related to a financial obligation. The company also triggered events that could accelerate or increase this obligation. The filing details these events and financial statements, with the report filed on April 18, 2024.

Why It Matters

This filing indicates potential changes or accelerations in Herbalife's financial obligations, which could impact its liquidity and financial health.

Risk Assessment

Risk Level: medium — The filing points to a material definitive agreement and triggering events that could accelerate or increase financial obligations, suggesting potential financial strain or restructuring.

Key Players & Entities

• HERBALIFE LTD. (company) — Filer
• 0001193125-24-100782 (document_id) — Accession Number
• 20240418 (date) — Filing Date
• 20240412 (date) — Earliest Event Date

FAQ

From the Filing

0001193125-24-100782.txt : 20240418 0001193125-24-100782.hdr.sgml : 20240418 20240418160808 ACCESSION NUMBER: 0001193125-24-100782 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240412 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240418 DATE AS OF CHANGE: 20240418 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HERBALIFE LTD. CENTRAL INDEX KEY: 0001180262 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32381 FILM NUMBER: 24854371 BUSINESS ADDRESS: STREET 1: P.O. BOX 309GT STREET 2: UGLAND HOUSE, SOUTH CHURCH STREET CITY: GEORGE TOWN STATE: E9 ZIP: 00000 BUSINESS PHONE: 310 410 9600 MAIL ADDRESS: STREET 1: P.O. BOX 309GT STREET 2: UGLAND HOUSE, SOUTH CHURCH STREET CITY: GEORGE TOWN STATE: E9 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: HERBALIFE NUTRITION LTD. DATE OF NAME CHANGE: 20180424 FORMER COMPANY: FORMER CONFORMED NAME: HERBALIFE LTD. DATE OF NAME CHANGE: 20041214 FORMER COMPANY: FORMER CONFORMED NAME: WH HOLDINGS CAYMAN ISLANDS LTD DATE OF NAME CHANGE: 20020814 8-K 1 d814591d8k.htm 8-K 8-K false 0001180262 0001180262 2024-04-12 2024-04-12     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): April 12, 2024     Herbalife Ltd. (Exact Name of Registrant as Specified in Charter)       Cayman Islands   1-32381   98-0377871 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.) P.O. Box 309 , Ugland House   Grand Cayman   Cayman Islands   KY1-1104 (Address of Principal Executive Offices)   (Zip Code) Registrant’s telephone number, including area code: c/o (213) 745-0500 Not Applicable (Former Name or Former Address, if Changed Since Last Report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Shares, par value $0.0005 per share   HLF   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.