VCA Antech, Inc. Announces Additional $25M Refinancing of Senior Credit Facility

VCA Antech, Inc. (NASDAQ: WOOF) announced today that it refinanced its senior credit facility. The new senior credit facility provides for an additional $100 million of senior term notes for a total of $581 million and an additional $25 million revolving facility for a total of $125 million. The new senior term loan and revolving facility are priced at LIBOR plus 175 basis points. The additional $100 in senior term notes was used to finance the recently completed acquisition of MediMedia Animal Health, LLC as announced on August 9, 2011.

Bob Antin, Chairman and CEO, stated, “I am pleased that as a result of our consistent cash flow and the outstanding efforts of Wells Fargo, Bank of America Merrill Lynch and JPMorgan Chase, we were able to obtain financing at very attractive terms to lower our borrowing cost and finance the Vetstreet acquisition.”