Simpson Thacher Represents the Underwriters in $500 Million Senior Notes Offering by Central Garden & Pet
10.16.20
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Simpson Thacher represented the underwriters, led by BofA Securities, Inc., J.P. Morgan Securities LLC and Truist Securities, Inc., in connection with the registered offering by Central Garden & Pet Company (“Central”) of $500 million aggregate principal amount of 4.125% Senior Notes due 2030. Central intends to use the net proceeds from this offering to redeem its outstanding 6.125% Senior Notes due 2023, with the remainder for general corporate purposes. The offering was upsized from $400 million to $500 million.
Central is a leading innovator, producer and distributor of branded and private label products for the lawn & garden and pet supplies markets in the United States.
The Simpson Thacher team for the transaction included David Azarkh, Tony Rim and Tommy Garber (Capital Markets); Jonathan Cantor and Zachary Fialkow (Tax); Timothy Mulvihill (Environmental); Jeanne Annarumma and Pasco Struhs (Executive Compensation and Employee Benefits); Amber Harezlak (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).