Deals

GNC's Miss on Debt Deal Leads Fitch to See Restructuring

Retailer is facing debt maturities as soon as September 2018
Company could face going-concern questions as soon as March

Bottles of GNC vitamins and nutritional supplements are arranged for a photo in New York, U.S., on Friday, Dec. 31, 2010. Blackstone Group LP is teaming up with Bright Food Group Co., Shanghai's biggest food and dairy company, to acquire vitamin and supplement retail chain GNC Holdings Inc., two people with knowledge of the matter said earlier this month.
Photographer: Jin Lee/Bloomberg

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By Sally Bakewell, Lisa Lee (News), and Natasha Rausch

December 11, 2017 at 11:00 AM UTC

Updated on

December 11, 2017 at 4:36 PM UTC

This article is for subscribers only.

GNC Holdings Inc.’s financing problem has gone from business still pending to urgent.

The clock is ticking for the health-product retailer after it tried in vain three times to refinance its debt. Not only does GNC have debt that begins to fall due in less than nine months, it could face questions as soon as March over its ability to continue as a going concern if it fails to strike a deal with lenders.