Central Garden & Pet Announces Pricing of $400 Million of Senior Notes
November 04 2015 - 3:51PM
Business Wire
Central Garden & Pet Company (NASDAQ:CENT) (NASDAQ:CENTA)
(“Central”), announced today it has priced an offering of
$400 million aggregate principal amount of 6.125% senior notes
due 2023 (the “notes”). The sale of the notes is expected to close
on November 9, 2015. The notes will be unconditionally guaranteed
on a senior basis by each of its existing and future domestic
restricted subsidiaries who are borrowers under or guarantors of
Central’s senior secured revolving credit facility. Central intends
to use the net proceeds from the offering to redeem its outstanding
8.25% senior subordinated notes due 2018 (the “existing
notes”).
J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner &
Smith Incorporated and SunTrust Robinson Humphrey, Inc. served as
joint book-running managers for the offering, and BNP Paribas
Securities Corp. and U.S. Bancorp Investments, Inc. served as
co-managers.
Copies of the prospectus relating to the offering may be
obtained by contacting J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or
by calling (866) 803-9204; Merrill Lynch, Pierce, Fenner &
Smith Incorporated, 222 Broadway, New York, NY 10038, Attention:
Prospectus Department or by calling (800) 294-1322; or SunTrust
Robinson Humphrey, Inc., 3333 Peachtree Rd, Atlanta, GA 30326,
Attention: Alexander Weir or by calling (404) 439-5343. 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. In addition, this press
release does not constitute a notice of redemption with respect to
the existing notes. Any such notice of redemption will be
separately issued by Central when and if the existing notes are
called for redemption.
About Central Garden & Pet
Central Garden & Pet Company is a leading innovator,
marketer and producer of quality branded 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®, SMART SEED® and THE REBELS®;
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® and ZILLA®; bird & small
animal and the brands KAYTEE®, SUPER PET® and CRITTER TRAIL®; dog
& cat and the brands TFH™, NYLABONE®, FOUR PAWS®, PINNACLE® and
AVODERM®; and equine and the brands FARNAM®, BRONCO® and SUPER
MASK®. 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 3,300 employees,
primarily in North America.
“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 December 11, 2014, 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/20151104006881/en/
Central Garden & Pet CompanySteve Zenker, 925-948-3657Vice
President, Investor Relations & Communications
Central Garden and Pet (NASDAQ:CENT)
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