Petco Prices $600 Million Senior Secured Notes Offering

Reuters01-23 07:30

Petco Prices $600 Million Senior Secured Notes Offering

Petco Health and Wellness Company Inc. announced the pricing of its previously announced senior secured notes offering, agreeing to issue and sell $600,000,000 in aggregate principal amount of new senior secured notes due February 1, 2031, bearing interest at a rate of 8.250% per annum. Completion of the offering is expected to occur on February 2, 2026, subject to customary closing conditions. Petco intends to use the net proceeds from the sale of the notes, together with borrowings under a new term loan facility and cash on hand, to repay in full its existing term loan facility, pay related fees and expenses, and for general corporate purposes. View original content to download multimedia:https://www.prnewswire.com/news-releases/petco-announces-pricing-of-its-600-000-000-offering-of-senior-secured-notes-302668592.html

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Petco Health and Wellness Company Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LA69544) on January 22, 2026, and is solely responsible for the information contained therein.

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