General Nutrition Centers to launch $1.18 billion facility on Tuesday

By Sara Rosenberg

New York, Feb. 3 - General Nutrition Centers Inc. has set a bank meeting for Tuesday to launch a proposed $1.18 billion credit facility, according to sources.

JPMorgan and Goldman Sachs are the lead banks on the deal.

The facility consists of an $80 million five-year revolver and a $1.1 billion seven-year term loan B, sources said.

Proceeds will be used to refinance existing debt.

General Nutrition Centers is a Pittsburgh-based specialty retailer of nutritional products, including vitamin, mineral, herbal and other specialty supplements and sports nutrition, diet and energy products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.