KKR’s Pets at Home Said to Plan $200 Million of Leveraged Loans

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Pets at Home Ltd., a U.K. pet accessories supplier owned by Kohlberg Kravis Roberts & Co., plans to raise about 135 million pounds ($206 million) of new loans, according to two people with knowledge of the matter.

Lenders are invited to a meeting in London on Feb. 26 to hear details of the new debt and for an update on company performance, said the people, who asked not to be identified because the deal is private. KKR Capital Markets and Nomura Holdings Inc. are managing the transaction, they said.