Vitamin Shoppe accepts $45 million of floaters in oversubscribed offer

By Susanna Moon

Chicago, Dec. 17 - Vitamin Shoppe Industries Inc. said investors tendered $125 million principal amount of its second-priority senior secured floating-rate notes due 2012 in the offer to purchase up to about $45 million of the notes.

The offer expired at 5 p.m. ET on Dec. 14.

The company said it accepted the notes for purchase on a pro rata basis.

Holders will receive $1,010 per $1,000 principal amount of notes tendered plus accrued interest to the purchase date.

Vitamin Shoppe said on Oct. 28 that it would use some of the $121.2 million of net proceeds from a stock offering to repurchase about $45.2 million of its senior secured notes.

Vitamin Shoppe is a North Bergen, N.J.-based specialty retailer and direct marketer of vitamins, minerals, herbs, supplements, sports nutrition and other health and wellness products.

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