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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Ares Capital Management Provides $145MM in Acquisition Financing to PetIQ
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Lenders/Participants
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Ares Capital [Lender]
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Structure
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Term Loan
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Amount
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$145.000
Million
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Borrower(s)
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PetIQ, Inc.
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Description
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PetIQ, Inc., a leading pet medication and wellness company, announced it has completed the previously announced acquisition of Perrigo Animal Health, a leading manufacturer of vet quality products for pet parents, from Perrigo Company plc for $185 million in cash. Perrigo Animal Health is now an indirect wholly-owned subsidiary of PetIQ. The transaction was financed through a combination of $25 million of existing cash on hand, $145 million of new term loan financing from Ares Capital Management, with the remaining balance financed through PetIQ’s existing revolving credit facility with East West Bank. Additional transaction details not disclosed.
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Industry
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Consumer Products
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| Related Tags |
Ares Capital Management
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ABL Advisor
Deal Tables
2025
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