General Nutrition upsizes eight-year notes to $215 million, price talk 8½%-8¾%

By Paul A. Harris

St. Louis, Nov. 24 - Price talk is 8½%-8¾% on General Nutrition Cos. Inc.'s upsized offering of $215 million of seven-year senior subordinated notes (B3/B-), according to a syndicate source.

The notes are expected to price on Tuesday.

The deal was increased from $190 million.

Lehman Brothers and JP Morgan are bookrunners on the Rule 144A deal. UBS Investment Bank is co-manager.

Proceeds will be used to help fund the leveraged buyout of the company by Apollo Management LP from Royal Numico NV.

General Nutrition is a Pittsburgh-based producer and seller of nutritional supplements.

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