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Market Wrap

Covetrus margins under scrutiny as buyout ramps up leverage

Emily Fasold's avatar
Bill Weisbrod's avatar
  1. Emily Fasold
  2. +Bill Weisbrod
4 min read

Debt supporting the LBO of Covetrus is drawing mixed reviews from prospective lenders, who are weighing the company’s position in the fast-growing pet industry against high pro forma leverage and risks associated with its business model, such as tight margins.

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