PetIQ amends facilities to allow for acquisition, additional debt

By Sarah Lizee

Olympia, Wash., Aug. 3 – PetIQ, Inc. subsidiary PetIQ, LLC entered into an amendment to its existing revolving credit agreement on July 28 to allow for the completion of its acquisition of the Capstar portfolio of products from Elanco, US Inc. as well as the incurrence of up to $14.5 million of additional debt relating to the construction of the company’s new headquarters, according to an 8-K filing with the Securities and Exchange Commission.

PetIQ amended its term loan credit agreement to allow for the incurrence of up to $14.5 million of additional debt relating to the headquarters’ construction.

PetIQ is an Eagle, Idaho-based pet medication and wellness company.

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