Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) ("Central”),
announced today it has priced an offering of $300 million aggregate
principal amount of 5.125% senior notes due 2028 (the "notes”). The sale
of the notes is expected to close on December 14, 2017. The notes will
be unconditionally guaranteed on a senior basis by each of Central’s
existing and future domestic restricted subsidiaries who are borrowers
under or guarantors of Central’s senior secured revolving credit
facility or guarantee Central’s other debt. Central intends to use the
net proceeds from the offering to finance future acquisitions and for
general corporate purposes.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, SunTrust Robinson
Humphrey, Inc., and BMO Capital Markets Corp. will serve as joint
book-running managers for the offering, and Wells Fargo Securities, LLC
and Credit Suisse Securities (USA) LLC will serve as co-managers.
Copies of the prospectus relating to the offering may be obtained by
contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated,
NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte NC
28255-0001, Attention: Prospectus Department or by calling (800)
294-1322; SunTrust Robinson Humphrey, Inc., 3333 Peachtree Rd, Atlanta,
GA 30326, Attention: Nico Mancuso or by calling (404) 439-7512; or BMO
Capital Markets Corp., 3 Times Square, New York, NY 10036 , Attention:
High Yield Syndicate or by calling (212) 702-1882. The prospectus may
also be obtained from the U.S. Securities and Exchange Commission’s
website at http://www.sec.gov.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities. Offers of securities
will be made only by means of a prospectus filed with the U.S.
Securities and Exchange Commission. The prospectus is part of a shelf
registration statement that has become effective under the Securities
Act of 1933, as amended.
About Central Garden & Pet
Central Garden & Pet Company is a leading innovator, producer and
distributor of branded and private label products for the lawn & garden
and pet supplies markets. Committed to new product innovation, our
products are sold to specialty independent and mass retailers.
Participating categories in Lawn & Garden include: Grass seed and the
brands PENNINGTON®, and THE REBELS BRAND®; wild
bird feed and the brand PENNINGTON®; weed and insect control
and the brands AMDRO®, SEVIN®, IRONITE®
and OVER-N-OUT®; and decorative outdoor patio products under
the PENNINGTON® brand. We also provide a host of other
regional and application-specific garden brands and supplies.
Participating categories in Pet include: Animal health and the brands
ADAMS™ and ZODIAC®; aquatics and reptile and the brands AQUEON®,
CORALIFE®, SEGREST™ and ZILLA®; bird & small
animal and the brands KAYTEE®, Forti-Diet® and
CRITTER TRAIL®; dog & cat and the brands TFH™, NYLABONE®,
FOUR PAWS®, IMS™, CADET®, DMC™, K&H Pet Products®,
PINNACLE® and AVODERM®; and equine and the brands
FARNAM®, HORSE HEALTH™ and VITA FLEX®. We also
provide a host of other application-specific pet brands and supplies.
Central Garden & Pet Company is based in Walnut Creek, California, and
has approximately 4,100 employees, primarily in North America.
Nylabone, NutriDent, T.F.H., and T.F.H. with design are registered
trademarks of T.F.H. Publications, Inc. Pennington and The Rebels Brand
are registered trademarks of Pennington Seed, Inc. Amdro, Aqueon,
Avoderm, Coralife, DMC, Ironite, Pinnacle, and Zilla are trademarks of
Central Garden & Pet Company. Adams, Farnam, Horse Health, and Vita Flex
are trademarks of Farnam Companies, Inc. Kaytee and Forti-Diet are
registered trademarks of Kaytee Products, Inc. Critter Trail is a
registered trademark of Pets International, Ltd. Four Paws is a
registered trademark of Four Paws Products, Ltd. IMS and Cadet are
trademarks of IMS Trading, LLC. Zodiac is a registered trademark of
Wellmark International. K&H Pet Products is a registered trademark of
K&H Manufacturing, LLC. Sevin is a registered trademark of Tessenderlo
Kerley, Inc. Over-n-Out is a registered trademark of Tech Pac, LLC.
"Safe Harbor” Statement under the Private
Securities Litigation Reform Act of 1995
The statements contained in this release which are not historical facts
are forward-looking statements that are subject to risks and
uncertainties that could cause actual results to differ materially from
those set forth in or implied by forward-looking statements. These risks
are described in Central’s Annual Report on Form 10-K, filed on November
29, 2017, as well as Central’s other U.S. Securities and Exchange
Commission filings. Central undertakes no obligation to publicly update
these forward-looking statements to reflect new information, subsequent
events or otherwise.
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