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Vitamin Shoppe parent to buy back notes, preferreds with IPO proceeds
By Angela McDaniels
Tacoma, Wash., July 23 - VS Holdings, Inc. will use the proceeds from its initial public offering of common stock to repurchase its second-priority senior secured floating-rate notes and series A preferred stock, according to an S-1 filing with the Securities and Exchange Commission.
The proceeds will also be used to make a payment related to the termination of an interest rate swap and for general corporate purposes.
VS Holdings owns all of the common stock of Vitamin Shoppe Industries Inc. After the IPO, VS Holdings will be renamed Vitamin Shoppe, Inc.
Vitamin Shoppe Industries 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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