secwatch.observer — SEC 8-K summary
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Issuer:     CENTRAL GARDEN & PET CO (CENT)
CIK:        0000887733
Form:       8-K
Filed at:   2021-12-21T23:59:59+00:00
Accession:  0001193125-21-363609
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Central Garden & Pet enters $750M senior secured ABL revolver due 2026
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- Third Amended and Restated Credit Agreement dated Dec 16, 2021 provides $750M revolver with up to $400M accordion feature.
- Maturity extended to December 16, 2026; no drawdown at closing; proceeds for general corporate purposes.
- Facility includes $50M letter-of-credit sublimit and $75M short-notice borrowing sublimit.
- Interest based on LIBOR (floor 0.00%) plus margin 1.00%–1.50%, or Base Rate plus 0.00%–0.50%.
- Credit facility is secured by substantially all assets of the company and its guarantors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887733/000119312521363609/0001193125-21-363609-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887733/000119312521363609/d261444d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-363609

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