Shearman And Sterling

News Dec 09, 2019

PetVet Care Centers’ $125 Million Incremental Term Loan Facility

Shearman & Sterling advised Jefferies Finance LLC, as administrative agent, and Ares Capital Corporation, as lender, on a $125 million first lien senior secured incremental term loan facility for PetVet Care Centers (PetVet). PetVet will use the proceeds for working capital, general corporate purposes (including the financing of acquisitions) and to pay the fees and expenses incurred in connection with the first lien senior incremental term loan facility.

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