Pet supply whole biz securitization shelved

Animals 230x150
By Jennifer Kang
16 Aug 2019

Pet Supplies Plus cancelled its $330m inaugural whole business securitization backed by franchise fees and company profits planned for this week.

Many investors had a hard time getting comfortable with the business and the relatively lower percentage of franchise fees in the deal, sources said.

“Now wasn’t the right time for the deal and the company and sponsors will continue to monitor the market and make a decision at a ...

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