Petco Announces $650mln Senior Secured Notes Offering for Debt Repayment
ByAinvest
Wednesday, Jan 21, 2026 9:30 am ET1min read
WOOF--
Petco announces a $650mln offering of senior secured notes, subject to pricing and customary closing conditions. The net proceeds will be used to repay its existing term loan facility, pay related fees and expenses, and for general corporate purposes. The notes will be guaranteed by Petco's subsidiaries and secured on a first-lien priority basis by security interests in fixed assets.
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet