Debevoise & Plimpton LLP has advised PetSafe Brands, a portfolio company of Clayton, Dubilier & Rice, in connection with the $925 million refinancing of existing debt facilities, which included an offering of $775 million 9.500% senior secured notes due 2029 and an amendment to maturity of $150 million asset-based lending credit facility. The proceeds from the 9.500% senior secured notes due 2029 were used to redeem $700 million in aggregate principal amount of 6.500% senior secured notes due 2025 and payoff and termination of approximately $73 million of term loans.

The Debevoise team was led by capital markets partner Steven Slutzky and finance partner Scott B. Selinger and included capital markets counsel Joshua M. Samit and associates Emma Hauber, Samantha Rahmin and Keith Stackhouse, and finance partner Brett M. Novick and associates Elizabeth Aiken, Jessica Liss, Neetika Nagpal and Hanson Yu.