MLM Company Herbalife Looking At New Financing Facility

MLM and nutritional supplement company Herbalife Ltd. said on Tuesday it is considering refinancing with a new senior secured credit facility.

If the refinancing is consummated, some of the proceeds may be used to repay or redeem substantially all of Herbalife's existing debt, including its outstanding 9.5 percent notes due 2011 and fund closing costs, the company said.