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Market Updates

Vitamin Shoppe Files IPO

North Bergen, NJ-based VS Holdings, Inc., parent company of Vitamin Shoppe Industries Inc., has filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering (IPO) of its common stock.

North Bergen, NJ-based VS Holdings, Inc., parent company of Vitamin Shoppe Industries Inc., has filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering (IPO) of its common stock. Upon consummation of the offering, the company will be renamed Vitamin Shoppe, Inc. The shares of common stock to be sold in the offering are expected to be offered by the company.

J.P. Morgan, BofA Merrill Lynch and Barclays Capital will be the bookrunning managers of the offering. The number of shares to be offered and the price range of the offering have not yet been determined. The company intends to apply to have its common stock listed on The New York Stock Exchange (NYSE) under the ticker symbol “VSI.”

The company expects to use the net proceeds of the offering to redeem a portion of Series A Preferred Stock it will have outstanding, to repurchase a portion of its Second Priority Senior Secured Floating Rate Notes, to make a payment related to the termination of its interest rate swap, for general corporate purposes, which may include the repayment of indebtedness and to pay related costs, fees and expenses.

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