General Nutrition launches $200 million incremental term loan B

By Sara Rosenberg

New York, July 26 - General Nutrition Centers Inc. held a lender call at 4 p.m. ET on Thursday to launch a proposed $200 million incremental term loan B due 2018, according to market sources.

J.P. Morgan Securities LLC is the left lead on the deal.

Price talk on the loan is Libor plus 300 basis points with a 1.25% Libor floor, in line with existing term loan B pricing, and it is being offered at an original issue discount of 991/2, sources said.

Proceeds will be used with $100 million of cash to fund a share buyback.

General Nutrition is a Pittsburgh-based specialty retailer of health and wellness products.

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