panian <O> To: "Jeffrey E." <jeevacationggmail.com> CC: Daniel Sabba •, Ariane Dwyer , Paul Morris , Stewart Oldfield , Richard Kahn Subject: Blue Buffalo Pet Products, Inc. Date: Mon, 20 Jul 2015 14:34:50 +0000 Attachments: BUFF Fonn S-1.pdf Jeffrey - FYI on the attached. Thank you, Vahe Vahe Stepanian All trade e

om: Vahe Stepanian Sent: 7/20/2015 10:34:50 AM To: Jeffrey E. CC: Daniel Sabba • Ariane Dwyer Stewart Oldfield I j; Richard Kahn Subject: Blue Buffalo Pet Products, Inc. Attachments: BUFF Form S-1.pdf Jeffrey — FYI on the attached. Thank you, Vahe Vahe Stepanian Assistant Vice President I Key Client Partners De

luding Zip Code, and Telephone Number. Including Area Code, of Registrant's Principal Executive Offices) Michael Nathenson Chief Financial Officer Blue Buffalo Pet Products, Inc. 11 River Road Wilton, CT 06897 (203) 762-9751 (Name. Address. Including Zip Code. and Telephone Number. Including Area Code. of Agent For Service

Form S-1 Table of Contents Blue Buffalo Pet Products, Inc. Notes to Consolidated Financial Statements (Continued) ($10 million sub-limit for letters of credit and a swing line sub-limit of $5 million). The

Form S-1 'fable of Contents Blue Buffalo Pet Products, Inc. Notes to Consolidated Financial Statements (Continued) standby letters of credit in the amount of approximately $0.1 million and $0.5 million, resp

Form S-I Table of Contents Blue Buffalo Pet Products, Inc. Notes to Consolidated Financial Statements (Continued) Note 4— Property, Plant, and Equipment Property, plant, and equipment consisted of the foll

Form S-I Table of Contents Blue Buffalo Pet Products, Inc. Notes to Consolidated Financial Statements (Continued) Note 7 —Notes Receivable Historically, the Company issued loans to certain employees for th

Form S-1 Table of Contents Blue Buffalo Pet Products, Inc. Consolidated Balance Sheets (dollars in thousands, except for share data) ASSETS Current assets: December 31. 2013 December 31, 2014 Cash an

Form S-1 Table of Coattail Report of Independent Registered Public Accounting Firm The Board of Directors and Stockholders Blue Buffalo Pet Products, Inc.: We have audited the accompanying consolidated balance sheets of Blue Buffalo Pet Products. Inc. and subsidiaries, as of December 31, 2013 and 2014

Form S-I Table of Contents Blue Buffalo Pet Products, Inc. Notes to Consolidated Financial Statements (Continued) to such borrowing adjusted for certain additional costs provided that LIBOR shall not be low

Form S-I Table of Contents Blue Buffalo Pet Products, Inc. Notes to Consolidated Financial Statements (Continued) approximately $0.1 million and $0.2 million in interest and penalties related to its unrecog

Form S-1 Table of Contents Blue Buffalo Pet Products, Inc. Notes to Consolidated Financial Statements (Continued) The Company uses a third party valuation specialist to assist it in the estimation of the fa

Form S-I •fable of Contents Blue Buffalo Pet Products, Inc. Notes to Consolidated Financial Statements (Continued) Note 15 — Commitments and Contingencies Purchase Commitments The company enters into contr

Form S-I Table of Contents Blue Buffalo Pet Products, Inc. Notes to Consolidated Financial Statements (Continued) In the normal course of business, the Company is subject to proceedings, lawsuits and other

Form S-1 Table of Contents Blue Buffalo Pet Products, Inc. Unaudited Condensed Consolidated Statement of Changes In Stockholders• Deficit (dollars in thousands, except for share data) Common shares outst

Form S-I Table of Contents Blue Buffalo Pet Products, Inc. Notes to Unaudited Condensed Consolidated Financial Statements Note 1— The Company Blue Buffalo Pet Products, Inc. ("BBPP") and together with its

Form S-I Table of Contents Blue Buffalo Pet Products, Inc. Notes to Unaudited Condensed Consolidated Financial Statements (Continued) Note 10— Related Parties Invus PartnersILLC holds $20.1 million of the

Form S-I •fable of Contents Blue Buffalo Pet Products, Inc. Notes to Unaudited Condensed Consolidated Financial Statements (Continued) 3.82% and no outstanding borrowings under the revolving credit facility.