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GNC Holdings Inc Closes Secondary Offering and Completes Share Repurchase
GNC Holdings Inc announced the closing of an underwritten offering of 10 million shares of its Class A common stock sold by Ares Corporate Opportunities Fund II, L.P. (Ares) and Ontario Teachers' Pension Plan Board (OTPP). The Company neither issued nor sold any shares in the offering. Goldman, Sachs & Co. was the sole underwriter for the offering. addition, the Company completed the repurchase of six million shares of its Class A common stock directly from Ares in a private, non-underwritten transaction.
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