General Nutrition Centers $150 million six-year notes talked in 8½% area

By Paul A. Harris

St. Louis, Jan. 10 - General Nutrition Centers Inc.'s $150 million of six-year senior notes (B3/B-) are talked in the 8½% area, according to an informed source.

The notes, which will mature in 2011 and are non-callable for three years, are expected to price on Tuesday morning.

Lehman Brothers is the bookrunner for the Rule 144A/Regulation S offering. JP Morgan is the co-manager.

Proceeds will be used to partially refinance the company's senior term loan facility.

GNC is a Pittsburgh-based nutritional supplements retail chain owner and operator.

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