Chewy repurchases $300M stock from BC Partners affiliate; secondary offering of 16.7M shares at $30

Chewy, Inc.

Secondary offering of 16,666,667 Class A shares by Buddy Chester Sub LLC at $30 each; company receives no proceeds.
Chewy repurchases $300M of Class A shares from same seller at $30 per share, cancelling 10,204,081 shares.
Repurchase approved by special committee of independent directors, not using existing buyback program.
Both transactions closed on September 23, 2024; over-allotment option for additional 2.5M shares remains.

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