Petco Backers, with Leonard Green & TPG, to Get $603M Dividend
Posted on: October 5, 2012 by Luisa BeltranNo Comments »
Petco Holdings is paying out another dividend to its shareholders, which include Leonard Green & Partners and TPG. San Diego-based Petco is raising $550 million in secured PIK notes, according to an Oct. 4 report from Standard & Poor’s. Petco plans to use the proceeds, plus roughly $75 million in cash, to pay out a roughly $603 million dividend to shareholders, S&P says.



