SLR Credit Solutions (“SLR CS”) announced the closing of a $75 million senior credit facility comprised of a revolver and term loan for Stella & Chewy’s, the category leader in the raw pet food space. Stella & Chewy’s offers high-quality, raw and natural pet food made from premium, responsibly sourced ingredients. Its products are available at pet specialty retailers, grocers, and e-commerce sites.

Proceeds from the transaction were used to refinance existing debt and to provide enhanced liquidity for general operations and growth.
 
“Stella & Chewy’s is the leader in the growing premium natural pet food segment of the pet food industry. This new financing partnership provides us with the flexibility to continue to expand our business and reach new customers.” said Jay Thompson, CEO of Stella & Chewy’s. “The team at SLR CS developed an in depth understanding of our business and provided thoughtful solutions to get to a successful execution.”
 
“We are very pleased to provide this credit facility to Stella & Chewy’s and look forward to supporting the company’s next stage. We have been impressed with the company’s leadership team, as well as the investors and their vision for this business," said Jack Murphy, Director at SLR Credit Solutions.