Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, HSBC Securities (USA), Inc. and RBC Capital Markets as joint lead arrangers and joint bookrunners and Bank of America, N.A. as administrative agent in connection with an approximately $187.5 million senior secured term loan and a $187.5 million senior secured revolving credit facility provided to Nu Skin Enterprises, Inc. The new credit facilities are being used to refinance substantially all of the company’s outstanding debt and for general corporate purposes and are secured by the equity interests of certain subsidiaries of the company.

Based in Provo, Utah, Nu Skin develops and distributes innovative, premium-quality anti-aging personal care products and nutritional supplements under its Nu Skin and Pharmanex category brands. Nu Skin is a leading global direct selling company with operations in 53 markets worldwide, achieving $3.2 billion in revenue in 2013.

The Davis Polk credit team included partner Jason Kyrwood and associates Samantha Hait and David S. Wheelock. The tax team included partner Lucy W. Farr and law clerk Vinay Prabhakar. Counsel Jeanine P. McGuinness provided FCPA advice. Counsel John T. Wright provided benefits advice. Counsel Betty Moy Huber and associate Amy E. Turner provided environmental advice. Associate Gary T. Lo provided intellectual property advice. Members of the Davis Polk team are based in the New York and Washington DC offices.