[GNC Holdings Inc.] avoids filing for bankruptcy protection a day before a payment on its debt was due by reaching an agreement with lender groups to extend the deadline.
GNC’s Deadline To Refinance Or Restructure Delayed Until August
GNC had faced a springing maturity date of 16 May for payments to reduce its debt of more than $865m in convertible notes and other debts from credit facilities to less than $50m.
