VITAMIN SHOPPE, INC. (NYSE:VSI) Files An 8-K Entry into a Material Definitive Agreement
Item1.01 Entry into a Material Definitive Agreement.
On May9, 2017, the Vitamin Shoppe, Inc. (the Company) entered
into a Fourth Amendment (Fourth Amendment) to the Amended and
Restated Loan and Security Agreement, dated as of January20,
2011, among itself, Vitamin Shoppe Industries, Inc., Vitamin
Shoppe Mariner, Inc., Vitamin Shoppe Global, Inc., VS Hercules
LLC, FDC Vitamins, LLC, Betancourt Sports Nutrition, LLC, Vitamin
Shoppe Procurement Inc., JPMorgan Chase Bank, N.A. as
administrative agent, and the other lenders from time to time
parties thereto. The amendment provides for, among other things:
(i)an extension of the maturity date of the Companys revolving
credit facility (the Revolving Credit Facility) to May9, 2022,
provided that the maturity date would be any day on or after
September2, 2020 only if the Company did not on any such day have
enough liquidity to retire Convertible Notes then outstanding, if
any and (ii)a reduction of the interest rate under the Revolving
Credit Facility to, at the Companys option, the rate per annum
based on an alternate base rate plus 0.00%, 0.125% or 0.25% or
the adjusted Eurodollar rate plus 1.00%, 1.125% or 1.25%, in each
case with the highest spread applicable in the event that the
average excess collateral availability under the Revolving Credit
Facility is less than 33% the borrowing base availability under
the Revolving Credit Facility, the second highest spread
applicable in the event that the average excess collateral
availability under the Revolving Credit Facility is less than 66%
and greater than or equal to 33% of the borrowing base
availability under the Revolving Credit Facility and the lowest
spread applicable in the event that the average excess collateral
availability under the Revolving Credit Facility is greater than
or equal to 66% of the borrowing base availability under the
Revolving Credit Facility.
The description of the Fourth Amendment is qualified in its
entirety by a copy of the Fourth Amendment filed as Exhibit 99.1
hereto.
Item2.03 Creation of Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement
of a Registrant.
The information
set forth under Item1.01 above is incorporated by reference into
this Item2.03.
Item9.01
Financial Statements and Exhibits.
(d)
Exhibits
|
Exhibit No. |
Description of Document |
|
| 99.1 |
Fourth Amendment to the Amended and Restated Loan and Security Agreement, dated as of January20, 2011, among Vitamin Shoppe Industries, Inc., Vitamin Shoppe Mariner, Inc., Vitamin Shoppe Global, Inc., VS Hercules LLC, FDC Vitamins, LLC, Betancourt Sports Nutrition, LLC, Vitamin Shoppe Procurement Inc., JPMorgan Chase Bank, N.A. as administrative agent, and the other lenders from time to time parties thereto. |
About VITAMIN SHOPPE, INC. (NYSE:VSI)
Vitamin Shoppe, Inc. (VSI) is a multi-channel specialty retailer and contract manufacturer of vitamins, minerals, herbs, specialty supplements, sports nutrition, and other health and wellness products. The Company operates through three segments: retail, which includes Vitamin Shoppe, Super Supplements and Vitapath retail store formats; direct, which sells its products directly to consumers through the Internet, primarily at www.vitaminshoppe.com, and manufacturing, which provides custom manufacturing and private labeling of vitamin, mineral and supplement (VMS) products. The Company markets approximately 800 brands, as well as its own brands. The Company operates approximately 760 stores in over 40 states, the District of Columbia, Puerto Rico and Ontario, Canada, primarily located in retail centers and stand-alone locations. The Company also offers homeopathic remedies and weight management products. VITAMIN SHOPPE, INC. (NYSE:VSI) Recent Trading Information
VITAMIN SHOPPE, INC. (NYSE:VSI) closed its last trading session up +0.40 at 19.00 with 423,923 shares trading hands.
