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Central Garden plans to call 8¼% senior subordinated notes due 2018
By Susanna Moon
Chicago, Nov. 4 – Central Garden & Pet Co. said it plans to call its outstanding 8¼% senior subordinated notes due 2018.
Central Garden will fund the redemption with proceeds of $400 million principal amount of senior notes due 2023, according to a company press release.
The company said on Jan. 30 that it called $50 million of its 8¼% senior subordinated notes due March 1, 2018 for redemption at 102.063 plus accrued interest on March 1.
Central Garden & Pet is a Walnut Creek, Calif.-based lawn and garden and pet supplies company.
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