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Central Garden & Pet Announces Offering of $400 Million of Senior Notes
April 16, 2021 GMT
WALNUT CREEK, Calif.--(BUSINESS WIRE)--Apr 16, 2021--
Central Garden & Pet Company (NASDAQ: CENT, CENTA) (“Central”), announced today it has commenced a private placement of $400 million aggregate principal amount of senior notes due 2031 (the “Notes”). The Notes will be unconditionally guaranteed on a senior basis by each of Central’s existing and future domestic restricted subsidiaries which are borrowers under, or guarantors of, Central’s senior secured revolving credit facility or guarantee Central’s other debt. Central intends to use the net proceeds from the offering to repay outstanding amounts under its senior secured revolving credit facility and for general corporate purposes.