Central Garden & Pet offering $400 million in senior notes

California supplier Central Garden & Pet Company announced that it has commenced a private placement of $400 million aggregate principal amount of senior notes due 2031. 

Central reported that it plans to use the net proceeds from the offering to repay outstanding amounts under its senior secured revolving credit facility and for general corporate purposes.

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, the company’s senior secured revolving credit facility or guarantee its other debt. 

Based in Walnut Creek, Calif., Central had 2020 sales of $2.7 billion. Products supplied by Central feature more than 65 leading brands including Pennington, Nylabone, Kaytee, Amdro and Aqueon. The company has over 6,300 employees across North America and Europe.