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February 7, 2005
Herbalife Ltd. Completes $110 Million Claw Back; Announces 4th Quarter Earnings Conference Call :

January 4, 2005
Herbalife Sets Fundraising Goal of $1 Million

LOS ANGELES, Feb 7, 2005 (BUSINESS WIRE) -- Herbalife Ltd. (NYSE:HLF) announced the completion of its call option to redeem $110 million, or 40%, of the outstanding principal amount of its 9 1/2% Notes due April 1, 2011. This transaction was completed on February 4, 2005, and was a component of the Company's recapitalization associated with its initial public offering which closed on December 21, 2004. Pursuant to the terms of the 9 1/2% Notes due 2011, the call option was exercised on February 4, 2005, after providing the required notice to bondholders. The redemption premium of $10.5 million and the remaining unamortized deferred financing costs of $3.8 million as of February 4, 2005, are anticipated to be non-deductible expenses and will be reported in the Company's first quarter 2005 results. After completing this transaction, the Company will have a debt structure that includes the remaining $165 million of 9 1/2% Notes due 2011 and a $225 million Credit Facility, including a $200 million term loan and a $25 million revolving credit facility. Fourth Quarter Earnings Call The Company also announced that its fourth quarter 2004 earnings conference call will be conducted on February 23, 2005. at 9 A.M. PST. The conference call number is 800-640-1217, and the pass-code is 643447. Additionally, this information can be obtained on the Investor Relations section of the Company's web site at www.Herbalife.com. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 Except for historical information contained herein, the matters set forth in this press release are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in Herbalife Ltd.'s Disclosure Regarding Forward-Looking Statements included in its recent filings, including its Form S-1, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and Herbalife Ltd. undertakes no obligation to update these forward-looking statements. About Herbalife Ltd. Herbalife is a global network marketing company offering a range of science-based weight management products, nutritional supplements and personal care products intended to support weight loss and a healthy lifestyle. (HLFE) SOURCE: Herbalife Ltd. Herbalife Ltd. Press Contact: Barbara Henderson, 310-410-9600 ext. 32637 or Investor Relations Contact: Frank Lamberti, 310-410-9600 ext. 32280 Copyright (C) 2005 Business Wire. All rights reserved. News Provided by COMTEX


 

Herbalife Sets Fundraising Goal of $1 Million
LOS ANGELES, January 4, 2005 - Herbalife Ltd. (NYSE: HLF) today announced a fundraising goal of $1 million to donate to tsunami disaster relief efforts. The Herbalife Family Foundation (HFF), a non-profit organization created to assist children in need, has set up a special fund to accept donations, which will be donated to two international organizations that focus on the needs of children and are already well-established in the regions affected: Save the Children and SOS Children's Villages.

The company will champion donations from employees and Distributors by giving ten cents to every dollar donated to Herbalife Family Foundation earmarked for the "Tsunami Relief" fund -- until the goal is reached.

Save the Children has met the emergency and long-term needs of some of the region's poorest children and families for over 30 years. They have teams on-the-ground in many of the hardest hit areas, including Aceh Province in Indonesia delivering fuel, supplies, temporary shelter materials and food, especially for children under five. Herbalife's partnership with Save the Children dates back to the first HFF donation to help in Kosovo in 1999.

SOS Children's Villages has been the HFF focus in India for six years. SOS staff are already in Nagapattinam, India, which was heavily affected, working in tents providing first aid and moving in additional resources to help the children, many of whom lost their parents in the tsunamis.

Online donations may be made at the Herbalife Family Foundation secure Web site at www.herbalifefamily.org

The Herbalife Family Foundation was established to provide a brighter future for "at-risk" children in need. For more information, call the Herbalife Family Foundation at (310) 410-9600 ext. 32664.

About Herbalife

Herbalife is a global network marketing company offering a range of science-based weight management products, nutritional supplements and personal care products intended to support weight loss and a healthy lifestyle.
(HLFP)

 



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