Financing ·
The Scotts Miracle-Gro Company redeemed all $250 million aggregate principal amount of its outstanding 5.250% Senior…
SMGScotts Miracle-Gro Co
The Scotts Miracle-Gro Company redeemed all $250 million aggregate principal amount of its outstanding 5.250% Senior Notes due 2026 on September 11, 2026, at par plus accrued interest. The company also renewed a $750 million accounts receivable facility with JPMorgan Chase Bank, N.A., extending maturity to August 31, 2027. Additionally, Scotts executed $25 million in share repurchases during August, initiating a new $500 million program authorized by the Board. The company reaffirmed its Fiscal 2026 guidance, targeting $275 million in free cash flow and non-GAAP adjusted net income per share of $4.30 to $4.45. The Scotts Miracle-Gro Company is a marketer of branded consumer lawn and garden products.