Recent Stories

Court Upholds Huge Damages Verdict Against ViSalus
August 20, 2020 -- A federal judge recently upheld a $925 million judgement determined by a jury in April 2019 in a clas...8/20/2020

Kristi Hubbard Appointed Younique President
LEHI, Utah, July 8, 2020 -- Kristi Hubbard, a direct-selling executive leader with a strong record of success, has been ...7/10/2020

FTC Sends Warning Letters About False Health Claims
April 24, 2020 - The Federal Trade Commission sent letters warning 10 MLM companies to stop making claims about their pr...4/29/2020

Altair Acquisitions Acquires Wildtree
FRISCO, Texas, April 27, 2020 -- Altair Acquisitions, LLC ("Altair") announced today that it has acquired all of the mat...4/29/2020

Pampered Chef Partners with the American Cancer Society to Support Front-Line Workers
Pampered Chef and the American Cancer Society have announced they are partnering to support free temporary housing for f...4/29/2020

Source: Salt Lake Tribune 1/12/2008

Nu Skin Shifts Debt to Yen

Utah's Nu Skin Enterprises has converted $20 million of existing U.S. dollar denominated debt bearing a coupon rate of 6.14 percent into $20 million of yen denominated debt with a coupon rate of 3.28 percent. The company says the conversion was executed using an exchange rate of 108.5 yen to the dollar. "We continue to execute on initiatives which are helping improve shareholder value," said Ritch Wood, Nu Skin Enterprises chief financial officer. "We were able to capitalize on the recent strengthening of the Japanese yen in a continuing effort to improve the profitability of the company. "With this recent conversion, we currently have approximately 50 percent of our outstanding debt in yen denominated notes with an average coupon rate of 2.50 percent," he added. "In addition to the attractive interest rate, the yen denominated liabilities provide a natural exchange rate hedge for our business in Japan."

View Nu Skin Enterprises Review

Related News

Nu Skin Celebrates Global Humanitarian Efforts with 12th Annual Force For Good Day

PROVO, Utah, June 4, 2015 -- Nu Skin Enterprises, Inc. is celebrating its annual Force for Good Day with a number of humanitarian projects focused on improving the lives of children around the world.

"Nu Skin's annual Force for Good Day celebration has become a tradition where our global empl... Read More...

Nu Skin Announces Launch Of Epoch Essential Oils

PROVO, Utah, March 3, 2015 -- Nu Skin Enterprises, Inc. today announced the upcoming introduction of Epoch� Essential Oils in the United States, Canada and Latin America. Nu Skin also plans to introduce essential oils in China and Europe later this year. The essential oils can be used topically or ... Read More...

Nu Skin Shares Fall On China News Claims

January 18, 2014--Nu Skin's stock fell more than 40% this week after a scathing story in China's state-run People's Daily compared Nu Skin's training methods for new sales reps to "brain washing" and suggested it operates an illegal pyramid scheme. The article also said China's State Administration ... Read More...

Nu Skin Receives Awards For Growth And Innovation

PROVO, Utah, Nov. 11, 2013 -- Nu Skin Enterprises today announced it has received several prestigious awards recognizing the company's business performance, management team and product innovation. The company's most recent accolades come from The Golden Bridge Awards and The Consumer World Awards. <... Read More...