GNC 2010 Annual Report Download - page 102
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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-
December 31, December 31, December 31, March 15,
2009 2008 2007 2007
(in thousands)
2007 Senior credit facility
Term Loan $ 32,775 $ 43,302 $ 41,165 $ —
Revolver 489 482 374 —
Senior Toggle Notes 20,003 23,671 23,455 —
10.75% Senior Subordinated Notes 11,825 11,825 9,361 —
Deferred financing fees 4,104 3,907 2,922 589
Mortgage 544 643 680 392
OID amortization 374 339 247 —
Interest income (161) (1,169) (2,682) (336)
2003 Senior credit facility
Term Loan — — — 918
Revolver — — — 132
8 1/2% Senior Subordinated Notes — — — 2,695
8 5/8% Senior Notes — — — 3,807
Deferred fee writedown-early extinguishment — — — 11,680
Call premiums — — — 23,159
Interest expense, net $ 69,953 $ 83,000 $ 75,522 $ 43,036
Accrued interest at each respective period consisted of the following:
December 31, December 31,
2009 2008
(in thousands)
2007 Senior credit facility $ 5,350 $ 5,564
Senior Toggle Notes 5,720 6,700
10.75% Senior Subordinated Notes 3,482 3,481
Total $ 14,552 $ 15,745
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