General Nutrition launches $1.35 billion term B at Libor plus 250 bps

By Sara Rosenberg

New York, Nov. 18 - General Nutrition Centers Inc. held a call at 2 p.m. ET on Monday to launch a $1.35 billion term loan B due March 2019 with talk of Libor plus 250 basis points with a 0.75% Libor floor and an original issue discount of 993/4, according to sources.

The B loan has 101 soft call protection for six months, sources said.

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

Proceeds will be used to refinance/reprice an existing term loan B that is priced at Libor plus 275 bps with a 1% Libor floor.

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.