The high-yield notes are due 2032 and 2033

Davis Polk advised the representative of the initial purchasers in connection with a $2.7 billion unregistered offering by PetSmart LLC and PetSmart Finance Corp. of $1.95 billion of 7.500% senior first-lien notes due 2032 and $750 million of 10.000% senior notes due 2033.

PetSmart is North America’s leading omnichannel pet retailer, offering a broad assortment of pet care products, exclusive brands and expert services for the lifetime needs of pets. PetSmart operates nearly 1,700 stores across the United States, Canada and Puerto Rico.

The Davis Polk capital markets team included partners Marcel Fausten and Michael Kaplan and associates Jakub P. Jozwiak, Cheridan Christnacht and Patrick B. Fontana. The finance team included partners Kenneth J. Steinberg and Christopher Nairn-Kim and counsel Mayer J. Steinman. Partner Gregory S. Rowland and counsel Sarah E. Kim provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.

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