Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) (“Central”), announced today it has priced an offering of $500 million aggregate principal amount of 4.125% senior notes due 2030 (the “notes”), which represents an increase in the offering size of $100 million from the previously announced offering of $400 million. The sale of the notes is expected to close on October 16, 2020, subject to customary closing conditions. The notes will be unconditionally guaranteed on a senior basis by each of Central’s existing and future domestic restricted subsidiaries who 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 redeem its outstanding 6.125% senior notes due 2023 (the “existing notes”), and to pay related fees and expenses, with the remainder for general corporate purposes.
BofA Securities, Inc, J.P. Morgan Securities LLC and