GNC 2009 Annual Report Download - page 97
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Table of Contents
GENERAL NUTRITION CENTERS, INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
The Company's net interest expense for each respective period is as follows:
Successor Predecessor
Year ended March 16- January 1- Year ended
December 31, December 31, March 15, December 31,
2008 2007 2007 2006
(in thousands)
2003 Senior credit facility
Term Loan $ — $ — $ 918 $ 7,327
Revolver — — 132 639
8 5/8% Senior Notes — — 3,807 12,938
8 1/2 % Senior Subordinated Notes — — 2,695 18,275
Call premiums — — 23,159 —
Deferred financing fees 3,907 2,922 589 3,856
Deferred fee writedown- early extinguishment — — 11,680 —
2007 Senior credit facility
Term Loan 43,302 41,165 — —
Revolver 482 374 — —
Senior Toggle Notes 23,671 23,455 — —
10.75% Senior Subordinated Notes 11,825 9,361 — —
OID amortization 339 247 — —
Mortgage 643 680 392 628
Interest income (1,169) (2,682) (336) (4,095)
Interest expense, net $ 83,000 $ 75,522 $ 43,036 $ 39,568
Accrued interest at each respective period consisted of the following:
December 31, December 31,
2008 2007
(in thousands)
2007 Senior credit facility 5,564 5,787
Senior Toggle Notes 6,700 8,841
10.75% Senior Subordinated Notes 3,481 3,482
Total $ 15,745 $ 18,110
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