Goldman Sachs Explores Petco Debt Refinancing as Retailer’s Health Improves
Goldman Sachs is reportedly testing investor appetite for a refinancing package covering Petco Health & Wellness Company’s nearly $1.6 billion term loan. Sources indicate the bank has been soliciting feedback on both structure and pricing for the potential debt offering. The move comes as Petco’s financial position shows signs of improvement following a challenging period for retailers.
Major Debt Restructuring in the Works
Goldman Sachs is quietly testing the waters for what could become a significant refinancing of Petco Health & Wellness Company’s debt load, according to multiple sources familiar with the matter. The banking giant has reportedly been gauging investor interest in a package that would address Petco’s nearly $1.6 billion term loan, signaling growing confidence in the pet retailer’s turnaround prospects.