WINGSPIRE CAPITAL AGENTS $110 MILLION REVOLVER TO PHILLIPS PET FOOD & SUPPLIES

ATLANTA – July 22, 2024 — 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.

ABOUT WINGSPIRE CAPITAL

Wingspire Capital offers one-stop solutions of up to $200 million for middle market companies, including revolving lines of credit, cash flow loans, fixed asset term loans, first-out term loans & revolvers, lender finance solutions, equipment leases, and sale leasebacks.  Industries financed include business services, consumer products, e-commerce & retail, food & beverage, manufacturing, distribution, transportation & logistics, automotive, technology applications and financial services.

Wingspire Capital is a portfolio company of Blue Owl Capital Corporation (NYSE: OBDC). OBDC is externally managed by Blue Owl Credit Advisors LLC, an indirect affiliate of Blue Owl Capital, Inc. (NYSE: OWL). Blue Owl Capital, Inc. is a global alternative asset manager with over $174 billion of assets under management as of March 31, 2024. For further information about Wingspire Capital, visit www.wingspirecapital.com.