Central Garden & Pet’s $500 Million Senior Notes Offering


Simpson Thacher represented the underwriters in the offering.

Central Garden & Pet Company (“Central”) executed the offeirng of $500 million aggregate principal amount of 4.125% Senior Notes due 2030. Central intends to use the net proceeds from this offering to redeem its outstanding 6.125% Senior Notes due 2023, with the remainder for general corporate purposes. The offering was upsized from $400 million to $500 million.

Central is a leading innovator, producer and distributor of branded and private label products for the lawn & garden and pet supplies markets in the United States.

Simpson Thacher represented the underwriters, led by BofA Securities, Inc., J.P. Morgan Securities LLC and Truist Securities, Inc., with a team including David Azarkh (Picture), Tony Rim and Tommy Garber (Capital Markets); Jonathan Cantor and Zachary Fialkow (Tax); Timothy Mulvihill (Environmental); Jeanne Annarumma and Pasco Struhs (Executive Compensation and Employee Benefits); Amber Harezlak (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; David Azarkh – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Zachary Fialkow – Simpson Thacher & Bartlett; Thomas Garber – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Amber Harezlak – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Tony Rim – Simpson Thacher & Bartlett; Pasco Struhs – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Bank of America Securities; J.P. Morgan Securities LLC; Truist Securities Inc. ;

Author: Ambrogio Visconti