LPC: GNC to sweeten loan extension request after lender pushback

NEW YORK, May 3 (Reuters) - US vitamin and supplement retailer GNC Holdings is expected to offer concessions after a proposal to amend and extend a US$1.2bn covenant-lite loan ran into opposition from lenders concerned that the deal failed to offer adequate compensation for the rising risks of lending to ‘brick-and-mortar’ retailers.

by reutersCOMPANYNEWS via Endless Supplies .Biz - News