Petco announced the initiation of a debt refinancing transaction to extend maturities.
The company reaffirmed its guidance for the fourth quarter and full fiscal year 2025.
Petco intends to refinance $1.5 billion of its current term loan outstanding, subject to market conditions.
Debt Refinancing
Petco is planning to refinance $1.5 billion of its current term loan to extend maturities.
Guidance Reaffirmation
The company reaffirmed its Net Sales and Adjusted EBITDA outlook for Q4 2025 and Full Fiscal Year 2025.
CEO Statement
Joel Anderson, Petco's CEO, highlighted the team's accomplishments and resilience in fiscal 2025.
- The debt refinancing transaction signifies Petco's strategic financial planning to manage its debt obligations effectively.
- Reaffirmation of financial guidance indicates confidence in the company's performance and market outlook.
The Petco debt refinancing and outlook reaffirmation demonstrate the company's proactive approach to financial management and its commitment to long-term stability and growth.