General Nutrition to launch $1.1 billion term loan B on Thursday

By Sara Rosenberg

New York, Sept. 19 - General Nutrition Centers Inc. has scheduled a conference call for 1 p.m. ET on Thursday to launch a $1.1 billion term loan B due March 2018, according to a market source.

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

Price talk on the loan is Libor plus 275 basis points with a 1% Libor floor and an offer price of 99¾ to par, the source said.

The loan includes 101 soft call protection for one year.

Proceeds will be used to refinance an existing term loan B.

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

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