GNC 2008 Annual Report Download - page 114

Table of Contents
GENERAL NUTRITION CENTERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 25. SUPPLEMENTAL GUARANTOR INFORMATION
As of December 31, 2007 the Company's debt included its 2007 Senior Credit Facility, Senior Toggle Notes and 10.75% Senior
Subordinated Notes. The 2007 Senior Credit Facility has been guaranteed by GNC Corporation and the Company's direct and indirect domestic
subsidiaries. The Senior Toggle Notes are general non collateralized obligations of the Company and rank secondary to the Company's 2007
Senior Credit Facility and are senior in right of payment to all existing and future subordinated obligations of the Company, including its 10.75%
Senior Subordinated Notes. The Senior Toggle Notes are unconditionally guaranteed on an non collateralized basis by all of its existing and
future material domestic subsidiaries. The 10.75% Senior Subordinated Notes are general non collateralized obligations and are guaranteed on
a senior subordinated basis by certain of its domestic subsidiaries and rank secondary to its 2007 Senior Credit Facility and Senior Toggle
Notes. Guarantor subsidiaries include the Company's direct and indirect domestic subsidiaries as of the respective balance sheet dates and are
the same as the guarantors for the 2007 Senior Credit Facility. Non-guarantor subsidiaries include the remaining direct and indirect foreign
subsidiaries. The subsidiary guarantors are 100% owned by the Company. The guarantees are full and unconditional and joint and several.
Presented below are condensed consolidated financial statements of the Company as the parent/issuer, and the combined guarantor and
non-guarantor subsidiaries as of December 31, 2007, December 31, 2006 and December 31, 2005, the period from March 16, 2007 to
December 31, 2007, and the period ended March 15, 2007. The guarantor and non-guarantor subsidiaries are presented in a combined format
as their individual operations are not material to the Company's consolidated financial statements. Investments in subsidiaries are either
consolidated or accounted for under the equity method of accounting. Intercompany balances and transactions have been eliminated.
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