Deal Details
Freshpet Completes $402.5 Million Convertible Notes Offering
Summary
Freshpet, Inc. (“Freshpet” or the “Company”) recently closed its offering of $402.5 million aggregate principal amount of 3.00% convertible senior notes due 2028 (the “Notes”) pursuant to Rule 144A, including $52.5 million aggregate principal amount of the Notes purchased by the underwriters pursuant to the overallotment option. Freshpet intends to use the net proceeds from the offering for general corporate purposes and to fund the costs associated with the related capped call transactions.
Baird acted as a co-manager on this offering.
About
Freshpet is disrupting the over $38.4 billion North American pet food industry by driving consumers to reassess conventional dog and cat food offerings that have remained essentially unchanged for decades. Freshpet positions the brand to benefit from mainstream trends of growing pet humanization and consumer focus on health and wellness. Freshpet’s products appeal to a broad demographic across multiple classes of retail, including grocery (including online), mass, club, pet specialty and natural. Freshpet has expanded their network of Freshpet Fridges within leading blue-chip retail chains. Freshpet, Inc. is headquartered in Secaucus, New Jersey.CONTACT US TO LEARN MORE
- Date
- March 2023
- Company
- Freshpet, Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Consumer
- Verticals
-
Food & Beverage
Household Products
Multi-Unit, Restaurants & Franchising
- Target Geography
- North America
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