UK - Bridgepoint's Pets at Home in £288m refinancing
Pets at Home, the UK pet food and product retailer, has secured £288m of new debt facilities following its announcement last week of revenues of £276.9m and EBITDA of £40.7m for the year ended 31 March 2006. Following completion of the refinancing, a further £100m will be returned to shareholders in addition to the £70m that was returned in May 2005. BNP Paribas and RBS are joint mandated lead arrangers and bookrunners for the new facilities.
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