Petco completes debt refinancing; Glenn Murphy transitions to Chairman of Board

Petco Health & Wellness Company, Inc.

Debt refinancing closed Feb 2; previously announced; aims to reduce leverage and increase financial flexibility.
Glenn Murphy transitions from Executive Chairman to non-employee Chairman of the Board effective Feb 1, 2026.
Murphy receives $9,615.38 lump sum statutory pay and remains eligible for FY2025 annual bonus.
CEO cites strengthened economic model, significant profitability improvement, and improved cash flow.

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