Central garden & pet company enters second amended and restated credit agreement

On september 27, 2019, central garden & pet company (the company) entered into a second amended and restated credit agreement with certain of the company’s domestic subsidiaries, as borrowers and guarantors, a syndicate of financial institutions party thereto (each a “lender” and together, the “lenders”), suntrust bank (“suntrust”), as issuing bank and administrative agent (in such capacity the “administrative agent”), and suntrust robinson humphrey inc., as left lead arranger and joint bookrunner, bank of america, n.a., u.s. bank national association and wells fargo bank, national association as joint lead arrangers and joint bookrunners, bank of america, n.a., u.s. bank national association and wells fargo bank, national association, as co-syndication agents, bank of the west, bmo harris bank n.a., jpmorgan chase bank, n.a. and keybank national association as co-documentation agents. the credit agreement amends and restates that certain amended and restated credit agreement dated as of april 22, 2016 and continues to provide for a $400 million principal amount senior secured asset based revolving credit facility, with up to an additional $200 million principal amount available with the consent of the lenders if the company exercises the accordion feature set forth therein. the credit facility now matures on september 27, 2024. the company may borrow, repay and reborrow amounts under the credit facility until its maturity date, at which time all amounts outstanding under the credit facility must be repaid in full.
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