Petco (WOOF) Completes Debt Refinancing Amid Leadership Transition

2 hours ago 2

Miko Ilas

Fri, February 6, 2026 astatine 8:18 AM PST 2 min read

Petco Health and Wellness Company Inc. (NASDAQ:WOOF) is 1 of the champion stocks nether $3 to put in. On February 2, Petco Health and Wellness Company Inc. (NASDAQ:WOOF) announced that it had completed its semipermanent indebtedness refinancing. As portion of its strategy to go much financially flexible and trim leverage, Petco Health and Wellness Company Inc. (NASDAQ:WOOF) undertook measures to refinance $1.5 cardinal of its existent word loan, arsenic it seeks to modulation its concern exemplary portion facing challenges successful the competitory favored retail sector. This refinancing included a $50 cardinal voluntary prepayment successful December 2025 and the caller issuance of $600 cardinal successful elder secured notes astatine an yearly involvement complaint of 8.25%.

Petco (WOOF) Completes Debt Refinancing arsenic Chairman Changes Role

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The institution besides announced that Glenn Murphy has changed his relation from Executive Chairman, a presumption helium has held since May 2024, “a play of large translation for the company”, according to Petco CEO Joel Anderson. Murphy’s caller relation is Chairman of the Board of Directors, effectual February 1.

Petco Health and Wellness Company Inc. (NASDAQ:WOOF) is simply a retailer of pet-oriented products and services, operating much than 1,500 stores crossed the U.S., Mexico, and Puerto Rico. The institution provides services specified arsenic veterinary care, grooming, training, tele-health, and favored wellness security services, portion its products see favored consumables and supplies.

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