Support from existing lending partners enables Wellness Pet to capitalize on growth opportunities
BURLINGTON, Mass., May 30, 2025 /PRNewswire/ — Wellness Pet Company (“Wellness Pet” or the “Company”), a leader in pet nutrition for over 25 years, today announced the successful completion of a refinancing transaction, supported by substantial majorities of its existing lenders (the “Transaction”). As part of this transaction, Wellness Pet has secured a $100 million capital investment and extended the maturities of its existing loans and asset-based lending (“ABL”) facility to 2029.
In addition to securing new capital, the Company enhanced its liquidity position and financial flexibility by refinancing loans with participating term loan lenders. The initial closing of the Transaction received unanimous support from ABL lenders, nearly 80% support from first lien term loan lenders, and over 90% support from second lien term loan lenders. Remaining term loan lenders are invited to participate in the Transaction.
“We greatly appreciate the robust support of our financing partners, which underscores their confidence in our business model and growth plans,” said Reed Howlett, CEO of Wellness Pet. “With new capital and reduced debt levels, we are well-positioned to invest in innovative solutions that meet the evolving needs of our customers and pet parents.”
Wellness Pet remains committed to delivering high-quality nutrition for pets, leveraging its strengthened financial foundation to support customer-centric initiatives.
About Wellness Pet Company
Wellness Pet Company is on a mission to fulfill a shared life of wellbeing between pets and the next generation of pet parents with a foundation of premium nutrition. We’re committed to doing things the right way, never the easy way, crafting healthy pet food and treat recipes, as well as daily supplements, that are carefully sourced and thoughtfully prepared. Through our products and our people, we strive to enhance the human experience and promote the mutually beneficial relationship between people and pets. To learn more about Wellness® pet food and treats visit www.wellnesspetfood.com and Facebook.com/WellnessPetFood, and find Wellness® on TikTok, Instagram and X: @wellnesspetfood.
Press Contacts:
Chanda Leary-Coutu
[email protected]
SOURCE Wellness Pet
