GNC HOLDINGS, INC. (NYSE:GNC) Files An 8-K Regulation FD DisclosureItem 7.01.Regulation FD Disclosure.
On November 8, 2017, GNC Holdings, Inc. (the “Company”) issued a press release announcing that its wholly-owned subsidiary, General Nutrition Centers, Inc. (the “Issuer”) intends to offer, subject to market conditions and other considerations, senior secured notes due 2022 (the “Notes”). The Company intends to use the net proceeds from this offering, together with borrowings under a new senior secured term loan facility and new senior secured asset-based revolving credit facility, to prepay and terminate its existing credit facility and to pay related fees and expenses. The Notes will be guaranteed on a senior secured basis by the Issuer’s parent company, GNC Corporation, and by certain of the Issuer’s direct and indirect subsidiaries that are borrowers or guarantors under a new senior secured term loan facility and new senior secured asset-based revolving credit facility.
On November 8, 2017, the Company issued a press release announcing, among other things, the intention to offer the Notes by the Issuer. The full text of the press release is furnished hereto as Exhibit 99.1.
The information disclosed under this Item 7.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.
Item 9.01.Financial Statements and Exhibits.
(d)Exhibits:
Exhibit NumberDescription
99.1Press Release, dated November 8, 2017
GNC HOLDINGS, INC. ExhibitEX-99.1 2 exhbit991.htm EXHIBIT 99.1 Exhibit GNC Announces Proposed Senior Secured Notes OfferingPITTSBURGH,…To view the full exhibit click here
About GNC HOLDINGS, INC. (NYSE:GNC)
GNC Holdings, Inc. is a specialty retailer of health, wellness and performance products, including vitamins, minerals and herbal supplement products (VMHS), sports nutrition products and diet products. The Company operates in three segments: Retail, Franchising and Manufacturing/Wholesale. The Retail segment includes sales of products to customers at its company-owned stores in the United States, Canada, Puerto Rico and Ireland and through its Websites, GNC.com and LuckyVitamin.com. Its Franchise segment consists of its domestic and international franchise operations. Its Manufacturing/Wholesale segment consists of its manufacturing operations in South Carolina and its wholesale sales business. The Company’s brands include Mega Men, Ultra Mega, Total Lean, Pro Performance and Pro Performance AMP, Beyond Raw, GNC Puredge, GNC GenetixHD and Herbal Plus. The Company offers products through GNC.com, LuckyVitamin.com and www.drugstore.com.