Nu Skin Enterprises’ $750 Million Senior Secured Credit Facilities


Davis Polk advised the joint lead arrangers and joint bookrunners and the administrative agent in connection with a $400 million senior secured term loan and a $350 million senior secured revolving credit facility provided to Nu Skin Enterprises, Inc.

The new credit facilities refinanced certain pre-existing debt of Nu Skin and are available for general corporate purposes.

BANK OF AMERICA, N.A. acted as Administrative Agent, HSBC BANK USA, NATIONAL ASSOCIATION, BANK OF THE WEST and FIFTH THIRD BANK acted as Co-Syndication Agents

Based in Provo, Utah, Nu Skin develops and distributes innovative consumer products, offering a comprehensive line of premium-quality beauty and wellness solutions under its Nu Skin and Pharmanex category brands. Nu Skin is a leading global direct selling company with operations in 50 markets worldwide, achieving $2.3 billion in revenue in 2017.

The Davis Polk credit team included partner Jason Kyrwood (Picture) and associates Sanders Witkow and Amarilice C. Young. The tax team included counsel Ethan R. Goldman. Counsel Will Schisa provided FCPA advice. Counsel Ann Becchina and associate Kerri Mullen provided benefits advice. Counsel David A. Zilberberg provided environmental advice. Associates Jay Frankel and Christopher C. Woller provided intellectual property and technology advice.

Involved fees earner: Jason Kyrwood – Davis Polk & Wardwell; Sanders Witkow – Davis Polk & Wardwell; Amarilice Young – Davis Polk & Wardwell; Ethan Goldman – Davis Polk & Wardwell; Will Schisa – Davis Polk & Wardwell; David Zilberberg – Davis Polk & Wardwell; Jay Frankel – Davis Polk & Wardwell; Christopher Woller – Davis Polk & Wardwell; Ann Becchina – Davis Polk & Wardwell; Kerri Mullen – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: HSBC; Bank of America; Fifth Third Bank; Bank of the West ;

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Author: Ambrogio Visconti