GNC Vitamin Chain Says It Can Make Debt Payment to Avert Default

GNC Holdings Inc., the vitamin retailer that recently warned it might face insolvency, will meet its May bond repayment with cash on hand and expects to refinance its existing debt, according to company executives.

The chain threw doubt on its ability to stay solvent in a March 16 filing, but that warning “will be moot” once the refinancing is done, Chief Financial Officer Tricia Tolivar said in a statement to Bloomberg.

The company “has not had, nor is currently experiencing or expecting any challenges paying all costs for normal operations,” including to suppliers, landlords, and employees, she said.

GNC ...