Herbalife Ltd. (NYSE:HLF) announced the closing of the third amendment of its existing syndicated credit agreement, dated as of March 9, 2011, with Bank of America Merrill Lynch as Administrative Agent.

As of March 31, 2015, the company had $500 million drawn on its revolving credit facility and a $325 million balance on its term loan. The amendment restates the existing credit agreement to, among other things, extend the maturity of $425 million of the revolving credit facility from March 9, 2016 until March 9, 2017. No changes were made to the maturity date of the company’s term loan, which will mature on March 9, 2016.

Among other conditions, the company will make principal payments of approximately $51 million on the revolving credit facility and $20 million on the term loan upon closing of the amendment, and stepdown the balance of the revolving credit facility to $425 million with an additional payment in September 2015. (Original Source)

Shares of Herbalife closed today at $42.07, up $0.45 or 1.08%. HLF has a 1-year high of $69.69 and a 1-year low of $27.60. The stock’s 50-day moving average is $42.47 and its 200-day moving average is $38.83.

On the ratings front, Herbalife has been the subject of a number of recent research reports. In a report issued on April 23, Canaccord Genuity analyst Mark Sigal maintained a Buy rating on HLF, with a price target of $50, which implies an upside of 18.8% from current levels. Separately, on March 13, BTIG’s April Scee maintained a Buy rating on the stock and has a price target of $55.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Mark Sigal and April Scee have a total average return of -13.1% and 3.2% respectively. Sigal has a success rate of 33.3% and is ranked #3348 out of 3590 analysts, while Scee has a success rate of 55.2% and is ranked #1720.

Herbalife Ltd is a nutrition company. The Companyalong with its subsidiariessells weight management, targeted nutrition, energy, sports & fitness, and outer nutrition products.