Central Garden & Pet has bank commitments to help fund Farnam acquisition

New York, Jan. 20 - Central Garden & Pet Co. said it has commitments from bank lenders to help fund its acquisition of Farnam Cos., Inc. for $287 million.

The commitments along with funds the company already has available will be sufficient to pay the purchase price, according to an 8-K filing with the Securities and Exchange Commission Friday.

Central Garden & Pet announced on Thursday that it has agreed to buy Farnam for $287 million plus $4 million for related real property.

Farnam is a manufacturer of health care products primarily for horses, household pets and livestock.

Central Garden & Pet is a Walnut Creek, Calif., marketer and producer of products for pets, lawns and gardens.

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