GNC 2008 Annual Report Download - page 94
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Table of Contents
GENERAL NUTRITION CENTERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The Company's net interest expense for each respective period is as follows:
Successor Predecessor
March 16- January 1- Year ended Year ended
December 31, March 15, December 31, December 31,
2007 2007 2006 2005
(in thousands)
2003 Senior credit facility
Term Loan $ — $ 918 $ 7,327 6,646
Revolver — 132 639 613
8 5/8% Senior Notes — 3,807 12,938 12,327
8 1/2 % Senior Subordinated Notes — 2,695 18,275 18,275
Call premiums — 23,159 — —
Deferred financing fees 2,922 589 3,856 2,825
Deferred fee writedown- early extinguishment — 11,680 — 3,890
2007 Senior credit facility
Term Loan 41,165 — — —
Revolver 374 — — —
Senior Toggle Notes 23,455 — — —
10.75% Senior Subordinated Notes 9,361 — — —
OID amortization 247 — — —
Mortgage 680 392 628 890
Interest income (2,682) (336) (4,095) (2,388)
Interest expense, net $ 75,522 $ 43,036 $ 39,568 $ 43,078
Accrued interest at each respective period consisted of the following:
Successor Predecessor
December 31, December 31,
2007 2006
(in thousands)
2003 Senior credit facility $ — $ 43
8 5/8% Senior Notes — 5,965
8 1/2% Senior Subordinated Notes — 1,523
2007 Senior credit facility 5,787 —
Senior Toggle Notes 8,841 —
10.75% Senior Subordinated Notes 3,482 —
Total $ 18,110 $ 7,531
90