---
schema_version: "secwatch.filing_event.v1"
accession: "0000074046-24-000033"
form_type: "8-K"
ticker: "ODC"
cik: "0000074046"
company_name: "Oil-Dri Corp of America"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:30:56.337112+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Oil-Dri closes $46M acquisition of Ultra Pet, expands into crystal cat litter

## Summary
- Completed acquisition of Ultra Pet, a silica gel-based crystal cat litter supplier, for ~$46M cash on May 1, 2024.
- Financed via $10M advance under BMO credit facility and $10M in 6.47% Series D Senior Notes due 2033 with PGIM/Prudential.
- Integration to combine teams and expand in rapidly growing crystal cat litter segment; key leaders from both companies involved.
- Q3 FY2024 earnings expected after market close on June 6, 2024; earnings discussion on June 7, 2024.

## SEC filing metadata
- accession: 0000074046-24-000033
- form_type: 8-K
- ticker: ODC
- cik: 0000074046
- company_name: Oil-Dri Corp of America
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/74046/000007404624000033/0000074046-24-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/74046/000007404624000033/odc-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000074046-24-000033
- JSON: https://secwatch.observer/filing/0000074046-24-000033.json
- Plain text: https://secwatch.observer/filing/0000074046-24-000033.txt

## Key facts
- Debt Financings
  Oil-Dri Corp of America incurred senior notes of $10 million in aggregate principal amount with PGIM, Inc. at 6.47% maturing April 30, 2033.
  - Instrument: senior notes
  - Principal: $10 million in aggregate principal amount
  - Counterparty: PGIM, Inc.
  - Rate: 6.47%
  - Maturity: April 30, 2033
  - Event: incurrence
  source text: issuance of $10 million in aggregate principal amount of 6.47% Series D Senior Notes due April 30, 2033 pursuant to the shelf facility provisions of the Company’s existing Amended and Restated Note Purchase and Private Shelf Agreement, as amended, with PGIM, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/74046/000007404624000033/0000074046-24-000033-index.htm
- Debt Financings
  Oil-Dri Corp of America incurred credit facility of $10 million advance with BMO Bank N.A..
  - Instrument: credit facility
  - Principal: $10 million advance
  - Counterparty: BMO Bank N.A.
  - Event: incurrence
  source text: A portion of the Purchase Price was financed through a $10 million advance under the Company’s existing credit facility, as amended, with BMO Bank N.A.
  evidence_url: https://www.sec.gov/Archives/edgar/data/74046/000007404624000033/0000074046-24-000033-index.htm
- M&A Transactions
  Oil-Dri Corp of America completed an acquisition involving Ultra Pet, LLC for approximately $46 million (closed 2024-05-01).
  - Action: acquisition
  - Counterparty: Ultra Pet, LLC
  - Consideration: approximately $46 million
  - Closing: 2024-05-01
  source text: On May 1, 2024, the Company completed the Transaction and acquired the Shares. At the closing of the Transaction (the “Closing”), the Company paid Seller an aggregate cash consideration of approximately $46 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/74046/000007404624000033/0000074046-24-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.