PetSafe Brands, a Clayton, Dubilier & Rice portfolio company, in the $925 million refinancing of existing debt facilities.
Debevoise & Plimpton LLP has advised PetSafe Brands, a portfolio company of Clayton, Dubilier & Rice, in connection with the $925 million refinancing of existing debt facilities, which included an offering of $775 million 9.500% senior secured notes due 2029 and an amendment to maturity of $150 million asset-based lending credit facility. The proceeds from the 9.500% senior secured notes due 2029 were used to redeem $700 million in aggregate principal amount of 6.500% senior secured notes due 2025 and payoff and termination of approximately $73 million of term loans. Read More>