Andrew Fabens, Harrison Tucker, Lawrence Lee, Kevin Mills, Spencer Becerra, Storey Wanglee, Aaron Adams, Paul Rafla, Melody Karmana, Lily Paulson Stephens, Julia Lapitskaya, Edward Wei
February 23, 2026
Gibson Dunn Represents Petco on $600 Million Bond Financing and $900 Million Term Loan Refinancing

1 min
AI-made summary
- • Gibson Dunn represented Petco Health and Wellness Company, Inc
- in a $600 million private placement of 8.250% senior secured notes due 2031. • The transaction closed on February 2, 2026, with several major financial institutions acting as Initial Purchasers. • Gibson Dunn also advised Petco on an amendment to its Term Loan Credit Facility with Citibank, N.A., refinancing and extending the maturity. • The Amendment to the Term Loan Credit Facility also closed on February 2, 2026. • The legal team included partners and associates from Gibson Dunn's capital markets, finance, securities regulation, corporate governance, and tax practices.
Gibson Dunn represented Petco Health and Wellness Company, Inc. in a private placement offering of $600 million in aggregate principal amount of their 8.250% senior secured notes due 2031. The transaction closed on February 2, 2026. Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., Wells Fargo Securities, LLC, BofA Securities, Inc., Capital One Securities, Inc., ING Financial Markets LLC and UBS Securities LLC acted as Initial Purchasers.~~Gibson Dunn further represented Petco in connection with an amendment to its existing Term Loan Credit Facility with Citibank, N.A., as administrative agent, which, among other changes, refinanced the existing term loans for new term loans, extending the maturity to the fifth anniversary of the amendment closing date. The Amendment to the Term Loan Credit Facility closed on February 2, 2026.~~The firm’s capital markets team included partners Andrew Fabens and Harrison Tucker and associates Lawrence Lee, Kevin Mills, Spencer Becerra, and Storey Wanglee. The finance team included partner Aaron Adams and associates Paul Rafla, Melody Karmana, and Lily Paulson Stephens. Partner Julia Lapitskaya advised on securities regulation and corporate governance matters. Partner Edward Wei advised on tax aspects.~~Download PDF~~
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Andrew Fabens, Harrison Tucker, Lawrence Lee, Kevin Mills, Spencer Becerra, Storey Wanglee, Aaron Adams, Paul Rafla, Melody Karmana, Lily Paulson Stephens, Julia Lapitskaya, Edward Wei
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