JPMorgan Agents GNC Nutrition Refi

GNC Nutrition Centers extended the maturity date of its term loans, cancelled its existing revolving credit facility and entered into a new $100 million ABL revolver. A portion of the extended term loans were exchanged for ABL FILO term loans which, together with certain other newly funded ABL FILO term loans, equal $275 million in aggregate principal amount.

JPMorgan Supports GNC, Harbin Partnership

GNC Holdings reached an agreement with Harbin Pharmaceutical Group for a joint venture in China. Concurrently, GNC is amending its credit facility agented by JPMorgan to extend the maturity date of the term loan and add a new $100 million ABL revolver and a $275 million ABL term loan.