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PetSmart Adds Investor Protections as $4.7 Billion of Debt Sold

Markets

Gowri Gurumurthy, Rachel Graf

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August 8, 2025

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Bloomberg

Citigroup Inc. and JPMorgan Chase & Co. priced $4.7 billion of junk-rated debt for PetSmart LLC to refinance lower-yielding borrowings after investor-friendly protections were added to the deals.

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