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.

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 finance team included partner Jason Kyrwood 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. Members of the Davis Polk team are based in the New York and Washington DC offices.