Press Release: VitalPet Accesses DIP Financing

Gordian Group Acting as Investment Banker in VitalPet DIP Financing

VitalPet Accesses DIP Financing

Published: Dec 20, 2019 3:58 p.m. ET

HOUSTON, Dec. 20, 2019 /PRNewswire/ — Veterinary Care, Inc., d/b/a VitalPet, recently in chapter 11 proceedings in the Southern District of Texas, announced today it has secured interim DIP financing in the amount of $5.5 million from VP Senior LLC, its pre-petition senior secured lender. The final DIP hearing will be held on January 23, 2020.

Chief Restructuring Officer Douglas J. Brickley, of The Claro Group, LLC, commented, “I am pleased with this important initial step in the bankruptcy process. We are in a position now to continue enabling our doctor network to provide the high quality of care for which VitalPet is known.”

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