FOR IMMEDIATE RELEASE
CONTACTS:
Investors — Scott Pond (801) 345-2657, spond@nuskin.com
Media — Kara Schneck (801) 345-2116, kschneck@nuskin.com
NU SKIN ENTERPRISES ANNOUNCES NEW SYNDICATED CREDIT FACILITY
PROVO, Utah — Oct 15, 2014 — Nu Skin Enterprises, Inc. (NYSE: NUS) today announced the closing of a new $375 million syndicated credit facility. A portion of the proceeds was used to pay off other outstanding debt, with the remainder available for working capital and other corporate purposes.
“We are pleased with the structure of this new facility and the support of additional financial partners,” said Ritch Wood, chief financial officer. “This facility provides the company greater flexibility to return value to shareholders.”
Details of the new credit facility are available in a current report on Form 8-K filed by the company today with the Securities and Exchange Commission.
About Nu Skin Enterprises, Inc.
Nu Skin Enterprises, Inc. demonstrates its tradition of innovation through its comprehensive anti-aging product portfolio, independent business opportunity and corporate social responsibility initiatives. The company’s scientific leadership in both skin care and nutrition has established Nu Skin as a premier anti-aging company. The company’s anti-aging products feature the new ageLOC line of products including the ageLOC® TR90™ weight management and body shaping system, ageLOC® R2 nutritional supplement, and ageLOC® Transformation daily skin care system. A global direct selling company, Nu Skin operates in 53 markets worldwide and is traded on the New York Stock Exchange under the symbol ‘NUS’. More information is available at http://www.nuskin.com.
Please Note: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that represent the company's current expectations and beliefs. All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws and include statements regarding management’s expectation that the facility will provide more flexibility to the Company.
The forward-looking statements and related assumptions involve risks and uncertainties that could cause actual results and outcomes to differ materially from any forward-looking statements or views expressed herein. In particular, the risk that the company’s future operating results and cash flows may be lower than anticipated, and fail to provide the flexibility the company currently anticipates.
The company's financial performance and the forward-looking statements contained herein are further qualified by a detailed discussion of associated risks set forth in the documents filed by the company with the Securities and Exchange Commission. The forward-looking statements set forth the company's beliefs as of the date that such information was first provided and the company assumes no duty to update the forward-looking statements contained in this release to reflect any change except as required by law.
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