General Nutrition sets offer price on $1.1 billion term loan B at par

By Sara Rosenberg

New York, Sept. 28 - General Nutrition Centers Inc. firmed the offer price on its $1.1 billion term loan B due March 2018 at par, the tight end of the 99¾ to par talk, according to a market source.

Pricing on the loan is Libor plus 275 basis points with a 1% Libor floor.

The loan includes 101 soft call protection for one year.

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

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

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