Wells Fargo Capital Finance acted as sole lead arranger and book runner on an expanded five-year, $90 million senior secured credit facility for online pet products retailer Chewy.

The credit facility will be used for working capital and general corporate purposes.

“We are excited to work with Wells Fargo and their specialized lending retail team in support of our rapid expansion. The ability to expand our credit facility and extend the maturity reflects the strength and continued growth of our company,” said Jim Grube, chief financial officer at Chewy. “The increased credit facility further enhances our liquidity profile and provides greater flexibility to execute our strategy to become the largest pet retailer in the world.”

“Many of us have pets and can relate to the passion that Chewy’s management team has for their business. We’re gratified to have been able to complete such important financing that will allow Chewy the financial flexibility to make strategic business decisions,” said Keith Vercauteren, head of the Retail Finance division at Wells Fargo Capital Finance.