GNC Holdings reached an agreement with required lender groups to extend the springing maturity dates for certain loans. According to an 8K filed with the SEC, JPMorgan Chase Bank served as administrative agent for the loans.
GNC Holdings reached an agreement to extend the springing maturity dates for certain loans, including its tranche B-2 term loan, FILO term loan and revolving credit facility. According to an 8K, JPMorgan Chase Bank is the administrative agent.
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.
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.