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HLF Financing SaRL, LLC -- Moody's assigns B1 rating to Herbalife bond offering; outlook stable

Moody's Investors Service ("Moody's") assigned a B1 (LGD4) rating to HLF Financing SaRL, LLC's proposed $400 million offering of senior unsecured bonds. The B1 rating on the unsecured notes is one notch lower than Herbalife's Ba3 Corporate Family Rating ("CFR"). This reflects Moody's expectation of a meaningful amount of proposed secured debt that will rank ahead of the unsecured notes in the capital structure.