Pet Partners Inks $21.5M Debt Financing

Wilton, New York-based Pet Partners Holdings has raised $21.5 million in debt financing from PNC Mezzanine Capital. Pet Partners operates full-service veterinary clinics across 11 states, and will use the financing – which was in the form of senior and junior subordinated debt with warrants – to help with continued growth. M&T Investment Banking Group, a division of M&T Bank, advised Pet Partners in the deal.

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