Vitamin Shoppe draws down on revolver to repurchase convertibles

By Wendy Van Sickle

Columbus, Ohio, March 29 – Vitamin Shoppe Inc. drew down on its revolving credit facility to fund the repurchase of $45.4 million of its 2.25% convertible senior notes due December 2020 for $34 million, including accrued interest, on Thursday, according to an 8-K filing with the Securities and Exchange Commission.

The company expects that as of March 31, after giving effect to borrowings made to repurchase the notes, total borrowings under its revolver will be about $35 million.

Secaucus, N.J.-based Vitamin Shoppe is a specialty retailer and contract manufacturer of nutritional products.

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