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Central Garden and Pet Co (CENT) Stock News, Oct 1, 2020

CENT NASDAQ

Central Garden & Pet Company reports developments in its Pet and Garden consumer-products businesses, including operating results, brand launches, distribution initiatives and investor communications. The company sells pet care, animal health, equine, aquatics, lawn, garden, wild bird, pest-control, seed and fertilizer products through retail, e-commerce, independent-store and professional channels.

Recurring company news includes updates tied to brands such as Nylabone, Farnam, Pennington, Ferry-Morse, Amdro, Aqueon, Kaytee and Sevin. Coverage also reflects product innovation in dog chews, equine fly control, do-it-yourself pest control, garden inputs and the company’s manufacturing, logistics and North American distribution activities.

Rhea-AI Summary

Central Garden & Pet Company (NASDAQ: CENT) announced a $400 million offering of senior notes due 2030. The offering aims to redeem existing 6.125% senior notes due 2023 and cover associated fees. The notes will be guaranteed by Central's domestic subsidiaries participating in its senior secured revolving credit facility. BofA Securities, J.P. Morgan, and Truist will manage the offering. This press release is not an offer to sell securities and provides a prospectus for more details.

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FAQ

What is the current stock price of Central Garden and Pet (CENT)?

Central Garden and Pet (CENT) last closed at $47.78.

What is the market cap of Central Garden and Pet (CENT)?

The market cap of Central Garden and Pet (CENT) is approximately $3.0B.