Our Toronto office advised JPMorgan Chase Bank, N.A., as Administrative Agent, in connection with a term loan credit facility in the principal amount of approximately U.S.$1.1 billion and as Administrative Agent and Collateral Agent in connection with an asset based revolving credit facility in the principal amount of U.S.$375 million, each in favour of GNC Corporation and certain of its subsidiaries.
GNC, headquartered in Pittsburgh, PA, is a leading global specialty health, wellness and performance retailer. GNC offers a premium assortment of heath, wellness and performance products, including protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink and other general merchandise. GNC's business model generates revenue from product sales through company-owned retail stores, domestic and international franchise activities, third-party contract manufacturing, e-commerce and corporate partnerships.
The team consisted of David Amato, Noah Schein and Simone Nash.