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Wingspire Capital Agents $110MM Revolving Credit Facility for Phillips Pet Food & Supplies

July 22, 2024, 08:00 AM
Filed Under: Consumer Products

Wingspire Capital agented a $110 million senior secured revolving credit facility to Phillips Pet Food & Supplies. The credit facility was used to refinance existing debt and provide enhanced liquidity as the business continues to grow and expand its brand offering.

Headquartered in Easton, PA, Phillips Pet Food & Supplies carries one of the nation’s largest selections of pet food and treat brands including labels such as Nestle Purina, Diamond, Fromm, Tuffy’s, Mars, Wellness, Canidae and Natural Balance. The portfolio also includes supply brands such as Kong chew toys, Intersand litter, Curli leashes and harnesses and Nature’s Miracle cleaner, enabling retailers to offer consumers a wide variety of popular items while gaining economies of scale.  Phillips Pet Food & Supplies also offers popular Bird, Small Animal, and Aquatics brands from partners like Spectrum, Higgins and Oxbow.   

Phillips Pet Food & Supplies was founded in 1938 as a family-owned business and today is a portfolio company of Axar Capital.  

“We enjoyed working with the leadership team at Phillips Pet Food & Supplies to structure a credit facility that provides the capital to serve the day-to-day operations as well as support future growth,” said Will Bence, Managing Director at Wingspire Capital.

Houlihan Lokey served as the exclusive placement agent to Phillips Pet Food & Supplies.







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