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Petmate Strikes Debt-Slicing Deal In Takeover Led By 3 Firms

By Law360 Staff (March 20, 2024, 9:37 AM EDT) -- Milbank-advised Petmate said Wednesday it has reached an agreement with all of its lenders, represented by Gibson Dunn and Ropes & Gray, to eliminate more than $600 million of debt while picking up a total of $100 million in capital, in a deal that will result in the lenders owning 100% of the business....

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