Petsmart, Inc., founded in 1986 and headquartered in Phoenix, Arizona, is a leading specialty retailer focused on pet products and services. The company offers a comprehensive range of products, including pet food, toys, and grooming services, alongside in-store services such as pet training and veterinary care.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PETM 4.75% 2028-02-15 USDPetsmart, Inc. | United States | 2028-02-15 | 4.750 | 4.57 |
| PETM 4.75% 2028-02-15 USDPetsmart, Inc. | United States | 2028-02-15 | 4.750 | 4.57 |
| PETM 7.75% 2029-02-15 USDPetsmart, Inc. | United States | 2029-02-15 | 7.750 | 7.21 |
| PETM 7.75% 2029-02-15 USDPetsmart, Inc. | United States | 2029-02-15 | 7.750 | 7.21 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Petsmart has been an active issuer of corporate bonds since its early years, with a notable issuance in 2015 amounting to $1.3 billion to fund the acquisition of Chewy, Inc. Its bonds are currently trading with yields in line with the retail sector averages, reflecting strong market confidence. The company’s growth strategy has involved various refinancing efforts, including a $800 million bond issuance in 2020 that extended maturities and reduced interest expenses, demonstrating its commitment to maintain a robust capital structure in a competitive retail landscape.