Goldman Sachs Explores Debt Refinancing for Petco Amid Financial Improvement

October 24, 2025 - 17:42

Goldman Sachs Group Inc. is assessing the appetite of investors for a debt refinancing package aimed at Petco Health & Wellness Company. This move comes as the company’s financial standing shows signs of strengthening, particularly regarding its nearly $1.6 billion term loan. Sources familiar with the situation indicate that the investment bank is actively engaging with potential investors to gauge interest in the refinancing deal.

Petco's recent financial performance has prompted this strategic initiative, reflecting a broader trend of companies seeking to optimize their debt structures in light of improved cash flow and profitability. The refinancing could provide Petco with more favorable terms, thereby enhancing its financial flexibility and supporting its ongoing growth strategies. As the market for debt financing evolves, the outcome of this initiative could have significant implications for Petco's future operations and investment potential. Investors will be closely monitoring these developments as they unfold.