Central Garden & Pet Announces Pricing of $300 Million of Senior Notes
December 07 2017 - 3:55PM
Business Wire
Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA)
(“Central”), announced today it has priced an offering of $300
million aggregate principal amount of 5.125% senior notes due 2028
(the “notes”). The sale of the notes is expected to close on
December 14, 2017. 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 finance future acquisitions and for general
corporate purposes.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, SunTrust
Robinson Humphrey, Inc., and BMO Capital Markets Corp. will serve
as joint book-running managers for the offering, and Wells Fargo
Securities, LLC and Credit Suisse Securities (USA) LLC will serve
as co-managers.
Copies of the prospectus relating to the offering may be
obtained by contacting Merrill Lynch, Pierce, Fenner & Smith
Incorporated, NC1-004-03-43, 200 North College Street, 3rd Floor,
Charlotte NC 28255-0001, Attention: Prospectus Department or by
calling (800) 294-1322; SunTrust Robinson Humphrey, Inc., 3333
Peachtree Rd, Atlanta, GA 30326, Attention: Nico Mancuso or by
calling (404) 439-7512; or BMO Capital Markets Corp., 3 Times
Square, New York, NY 10036 , Attention: High Yield Syndicate or by
calling (212) 702-1882. The prospectus may also be obtained from
the U.S. Securities and Exchange Commission’s website at
http://www.sec.gov.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities. Offers of
securities will be made only by means of a prospectus filed with
the U.S. Securities and Exchange Commission. The prospectus is part
of a shelf registration statement that has become effective under
the Securities Act of 1933, as amended.
About Central Garden & Pet
Central Garden & Pet Company is a leading innovator,
producer and distributor of branded and private label products for
the lawn & garden and pet supplies markets. Committed to new
product innovation, our products are sold to specialty independent
and mass retailers. Participating categories in Lawn & Garden
include: Grass seed and the brands PENNINGTON®, and THE REBELS
BRAND®; wild bird feed and the brand PENNINGTON®; weed and insect
control and the brands AMDRO®, SEVIN®, IRONITE® and OVER-N-OUT®;
and decorative outdoor patio products under the PENNINGTON® brand.
We also provide a host of other regional and application-specific
garden brands and supplies. Participating categories in Pet
include: Animal health and the brands ADAMS™ and ZODIAC®; aquatics
and reptile and the brands AQUEON®, CORALIFE®, SEGREST™ and ZILLA®;
bird & small animal and the brands KAYTEE®, Forti-Diet® and
CRITTER TRAIL®; dog & cat and the brands TFH™, NYLABONE®, FOUR
PAWS®, IMS™, CADET®, DMC™, K&H Pet Products®, PINNACLE® and
AVODERM®; and equine and the brands FARNAM®, HORSE HEALTH™ and VITA
FLEX®. We also provide a host of other application-specific pet
brands and supplies. Central Garden & Pet Company is based in
Walnut Creek, California, and has approximately 4,100 employees,
primarily in North America.
Nylabone, NutriDent, T.F.H., and T.F.H. with design are
registered trademarks of T.F.H. Publications, Inc. Pennington and
The Rebels Brand are registered trademarks of Pennington Seed, Inc.
Amdro, Aqueon, Avoderm, Coralife, DMC, Ironite, Pinnacle, and Zilla
are trademarks of Central Garden & Pet Company. Adams, Farnam,
Horse Health, and Vita Flex are trademarks of Farnam Companies,
Inc. Kaytee and Forti-Diet are registered trademarks of Kaytee
Products, Inc. Critter Trail is a registered trademark of Pets
International, Ltd. Four Paws is a registered trademark of Four
Paws Products, Ltd. IMS and Cadet are trademarks of IMS Trading,
LLC. Zodiac is a registered trademark of Wellmark International.
K&H Pet Products is a registered trademark of K&H
Manufacturing, LLC. Sevin is a registered trademark of Tessenderlo
Kerley, Inc. Over-n-Out is a registered trademark of Tech Pac,
LLC.
“Safe Harbor” Statement under the Private
Securities Litigation Reform Act of 1995
The statements contained in this release which are not
historical facts are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those set forth in or implied by forward-looking
statements. These risks are described in Central’s Annual Report on
Form 10-K, filed on November 29, 2017, as well as Central’s other
U.S. Securities and Exchange Commission filings. Central undertakes
no obligation to publicly update these forward-looking statements
to reflect new information, subsequent events or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20171207006218/en/
Central Garden & Pet CompanySteve Zenker, 925-948-3657Vice
President, Investor Relations & Communications
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