General Nutrition revises discount on $1.35 billion term B to 99 5/8

By Sara Rosenberg

New York, Nov. 26 - General Nutrition Centers Inc. widened the original issue discount on its $1.35 billion term loan B (B1/BB+) due March 2019 to 99 5/8 from 993/4, according to sources.

Pricing on the loan is still Libor plus 250 basis points with a 0.75% Libor floor, and there is still 101 soft call protection for six months.

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 and for general corporate purposes.

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

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