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Herbalife Ltd. (NYSE: HLF) shares traded up about 4 percent during Thursday's after-hours session.
The reason? Headlines suggesting the company's management is working on a plan to refinance.
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According to Bloomberg, Herbalife is in talks for a $1.2 billion term loan and a $1.175 billion refi. Bloomberg said Herbalife will hold a bank meeting on Friday, January 20, to discuss details of a deal.
Considering the post-market action in the stock, it appears investors are liking the news... but why? What could Herbalife do with such a refinancing effort?
While these are only speculation, here are a couple of ideas.
A Transformative Acquisition
Herbalife's struggle with gaining wide-spread retail distribution is nothing new to investors. Buying a major player in the nutritional retail space could get its products in front of more users and potential users.
A Large-Scale Buyback
Given Herbalife's current market cap of just under $5 billion, management could use a buyback of its own shares to effectively reduce its share count by more than 20 percent.
The stock traded recently at $53.55, up less than a percent in post-market action. Shares are up about 10 percent in the brief year-to-date period.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.