---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-033607"
form_type: "8-K"
ticker: "WOOF"
cik: "0001826470"
company_name: "Petco Health & Wellness Company, Inc."
filed_at: "2026-02-02T23:59:59+00:00"
generated_at: "2026-05-16T05:42:42.493994+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Petco refi with $900M term loan and $600M 8.25% senior secured notes due 2031

## Summary
- $900M refinancing term loans at Term Benchmark + 4.25% (0% floor), maturing Feb 2031 with 1% annual amortization.
- $600M 8.250% senior secured notes due 2031 issued; proceeds to repay existing term loan facility.
- Notes carry covenants limiting additional debt, dividends, investments, asset sales, liens, and affiliate transactions.
- Notes redeemable at make-whole premium before Feb 1, 2028; thereafter at specified redemption prices.
- Combined proceeds from term loans, notes, and cash on hand used to fully repay existing term loan facility.

## SEC filing metadata
- accession: 0001193125-26-033607
- form_type: 8-K
- ticker: WOOF
- cik: 0001826470
- company_name: Petco Health & Wellness Company, Inc.
- filed_at: 2026-02-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826470/000119312526033607/0001193125-26-033607-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826470/000119312526033607/woof-20260202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-033607
- JSON: https://secwatch.observer/filing/0001193125-26-033607.json
- Plain text: https://secwatch.observer/filing/0001193125-26-033607.txt

## Key facts
- Debt Financings
  Petco Health & Wellness Company, Inc. incurred senior notes.
  - Instrument: senior notes
  - Event: incurrence
  source text: On February 2, 2026, the Company issued the Notes pursuant to an indenture, dated as of February 2, 2026 (the “Indenture”), among the Company, the guarantors party thereto, and U.S. Bank Trust Company, National Association, as trustee and collateral agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826470/000119312526033607/0001193125-26-033607-index.htm
- Material Agreements
  Petco Health & Wellness Company, Inc. amended Second Amendment to Credit Agreement with Citibank, N.A., as Administrative Agent and the 2026 Term Loan Lenders valued at $900 million (effective 2026-02-02).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Citibank, N.A., as Administrative Agent and the 2026 Term Loan Lenders
  - Value: $900 million
  - Effective: 2026-02-02
  source text: entered into the Second Amendment to Credit Agreement (the “Amendment”), amending the First Lien Credit Agreement, dated as of March 4, 2021, by and among the Company, the lenders from time to time party thereto and the Administrative Agent (the “Credit Agreement”). Among other changes, the Amendment provides that the Refinancing Lenders will provide term loans (the “Refinancing Term Loans”) to the Company in an aggregate principal amount of $900 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826470/000119312526033607/0001193125-26-033607-index.htm

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