Central Garden & Pet Secures $600 Million Amended Credit Facility Led by Truist Bank
Reuters
Nov 13, 2025
Central Garden & Pet Secures $600 Million Amended Credit Facility Led by Truist Bank
Central Garden & Pet Company has entered into a Fourth Amended and Restated Credit Agreement with a syndicate of financial institutions, including Truist Bank as administrative agent and issuing bank. The new agreement amends and restates the previous credit facility, establishing a $600 million senior secured asset-based revolving credit facility. The company also has the option to increase the facility by an additional $400 million through an uncommitted accordion feature, subject to lender approval. The credit facility matures on November 7, 2030, and is secured by substantially all assets of Central Garden & Pet Company and its guarantor subsidiaries. The agreement includes customary covenants and a minimum fixed charge coverage ratio requirement.
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