WALNUT CREEK, Calif.–(BUSINESS WIRE)–Central Garden & Pet Company (NASDAQ:CENT) (NASDAQ:CENTA) (“Central”),
announced today it has priced an offering of $400 million aggregate
principal amount of 6.125% senior notes due 2023 (the “notes”). The sale
of the notes is expected to close on November 9, 2015. The notes will be
unconditionally guaranteed on a senior basis by each of its existing and
future domestic restricted subsidiaries who are borrowers under or
guarantors of Central’s senior secured revolving credit facility.
Central intends to use the net proceeds from the offering to redeem its
outstanding 8.25% senior subordinated notes due 2018 (the “existing
J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith
Incorporated and SunTrust Robinson Humphrey, Inc. served as joint
book-running managers for the offering, and BNP Paribas Securities Corp.
and U.S. Bancorp Investments, Inc. served as co-managers.
Copies of the prospectus relating to the offering may be obtained by
contacting J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by calling
(866) 803-9204; Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222
Broadway, New York, NY 10038, Attention: Prospectus Department or by
calling (800) 294-1322; or SunTrust Robinson Humphrey, Inc., 3333
Peachtree Rd, Atlanta, GA 30326, Attention: Alexander Weir or by calling
(404) 439-5343. 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. In addition, this press release does not
constitute a notice of redemption with respect to the existing notes.
Any such notice of redemption will be separately issued by Central when
and if the existing notes are called for redemption.
About Central Garden & Pet
Central Garden & Pet Company is a leading innovator, marketer and
producer of quality branded 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®, SMART SEED® and THE REBELS®; 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® and ZILLA®; bird &
small animal and the brands KAYTEE®, SUPER PET® and CRITTER TRAIL®; dog
& cat and the brands TFH™, NYLABONE®, FOUR PAWS®, PINNACLE® and
AVODERM®; and equine and the brands FARNAM®, BRONCO® and SUPER MASK®. 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 3,300 employees, primarily in North
“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 December
11, 2014, 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.
Central Garden & Pet Company
Steve Zenker, 925-948-3657
President, Investor Relations & Communications