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GENERAL NUTRITION OFFERS $135 MILLION SENIOR SUBORDINATED NOTES

 GENERAL NUTRITION OFFERS $135 MILLION SENIOR SUBORDINATED NOTES
 PITTSBURGH, March 5 /PRNewswire/ -- General Nutrition, Incorporated, announced a public offering today of $135 million of 11-3/8 percent senior subordinated notes due 2000. The notes are offered by General Nutrition, Incorporated, and its wholly-owned subsidiary General Nutrition Corporation and will be guaranteed by General Nutrition Products, Inc., and GNC Franchising, Inc., both of which are wholly- owned subsidiaries of General Nutrition, Incorporated. The offering was solely managed by Donaldson, Lufkin & Jenrette.
 General Nutrition is the only nationwide specialty retailer of vitamin, mineral and sports nutrition supplements, and is also a leading provider of personal care, fitness and other health-related products. The company's products are sold through a network of 1,124 retail stores operating under the GNC name, of which 973 are owned and operated by the company at leased locations, and 151 of which are franchised. The stores, which generally are between 1,200 and 1,800 square feet, are located primarily in regional shopping malls in the 50 states, with eight located in Puerto Rico, Guam and Mexico.
 The net proceeds to be received by the company from the issuance of the senior subordinated notes will be used to repurchase or redeem the company's outstanding senior subordinated increasing rate notes, to repay a portion of


the company's junior subordinated indebtedness, and to repay a portion of the company's outstanding bank term indebtedness. The balance of the net proceeds will be applied to reduce the company's revolving credit facility. The remaining portion of GNI's junior subordinated indebtedness will be converted into a senior preferred stock.
 -0- 3/5/92
 /CONTACT: Ed Kozlowski of General Nutrition, 412-288-4661/
 (GENUP) CO: General Nutrition, Incorporated ST: Pennsylvania IN: REA SU: OFR


GK -- NY051 -- 5478 03/05/92 13:10 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 5, 1992
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