General Nutrition to start roadshow for $190 million seven-year notes on Friday

By Paul A. Harris

St. Louis, Nov. 12 - General Nutrition Cos. Inc. is scheduled to start a roadshow Friday for an offering of $190 million of senior subordinated notes due 2010 (B3/B-), according to a syndicate source.

Pricing is expected during the week of Nov. 24.

Lehman Brothers and JP Morgan are joint bookrunners on the Rule 144A deal. UBS Investment Bank is the co-manager.

The notes will be non-callable for four years.

Proceeds will be used to help fund the leveraged buyout of the company by Apollo Management LP from Royal Numico NV.

The company is a Pittsburgh-based producer and seller of nutritional supplements.

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