secwatch.observer — SEC 8-K summary
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Issuer:     Petco Health & Wellness Company, Inc. (WOOF)
CIK:        0001826470
Form:       8-K
Filed at:   2026-02-02T23:59:59+00:00
Accession:  0001193125-26-033607
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826470/000119312526033607/0001193125-26-033607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826470/000119312526033607/woof-20260202.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-033607

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