Worldwise completes debt refinancing to fund growth

Worldwise, a leader in pet bedding, cat scratching posts, cat toys and other cat accessories, has announced that it has recapitalised with a $31.4 mio unitranche credit facility provided by Monroe Capital, LLC. The facility refinanced Worldwise’s outstanding senior debt, and will provide additional capital to support ongoing product development, channel and market expansion as well as future acquisitions.
According to Worldwise, this transaction completes an active and productive year for the company, which merged with Quaker Pet Group (QPG) in May 2015, bringing together two leading pet companies and combining their expertise and creative energy. The merger has enabled Worldwise to become an established and trusted resource in the high-growth dog toy and carrier markets.