PETCO Raising $1.7 Billion For Dividend To Leonard Green and TPG
PETCO, which is owned by Leonard Green and TPG, has joined the payout parade. San Diego-based PETCO is in the market to raise about $1.7 billion, which includes a $1.1 billion term loan and $625 million in junior debt, according to Thomson Reuters Loan Pricing Corp. Proceeds will be used to pay a dividend to sponsors Leonard Green and TPG, LPC said. Credit Suisse is leading the sale of the term loan, LPC said.
3 November 2010•1 min read
