Petco prices $600M 8.25% senior secured notes due 2031 to refinance term loan

Petco Health & Wellness Company, Inc.

$600M aggregate principal of 8.250% senior secured notes due February 1, 2031.
Closing expected February 2, 2026, subject to customary conditions.
Proceeds, with new term loan and cash, to repay existing term loan, pay fees, and for general corporate purposes.
Notes secured by first-lien on fixed assets and second-lien on current assets.
Notes offered only to QIBs and non-U.S. persons under Rule 144A/Regulation S.

item 7.01item 9.01

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