Herbalife Revives Junk-Debt Sale After Shelving Deal Last Month

Herbalife Ltd. is taking another stab at selling junk debt, a month after shelving a loan offering due to market volatility.

The nutrition-focused multilevel-marketing company is selling $800 million of seven-year senior secured notes that may be called after three years, according to a person with knowledge of the matter.

Proceeds will be used to refinance bonds due in 2029 that pay an interest rate of 12.25%, the person added.

Bank of America Corp. is leading the offering, said the person, who asked not to be identified because they’re not authorized to speak publicly. An investor call is scheduled for ...