Scotts Miracle-Gro Secures Amended $2.5 Billion Credit Agreement with Major Banks

Reuters11-24

Scotts Miracle-Gro Secures Amended $2.5 Billion Credit Agreement with Major Banks

The Scotts Miracle-Gro Company has entered into a Seventh Amended and Restated Credit Agreement with a consortium of major financial institutions, including JPMorgan Chase Bank, Bank of America, Mizuho Bank, Wells Fargo, Truist Bank, PNC Bank, and Capital One, among others. This new agreement, executed on November 21, 2025, amends and restates a previous credit agreement from April 2022. The facilities include senior secured loans totaling $2.5 billion, comprised of a $1.5 billion revolving credit facility and a $1.0 billion term loan. Interest rates under the new agreement are tied to either the Alternate Base Rate or the Adjusted Term SOFR Rate, with separate indices for certain foreign currency borrowings. The new credit facilities are guaranteed by The Scotts Miracle-Gro Company and certain of its domestic subsidiaries, with provisions requiring future material domestic subsidiaries to also provide guarantees.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Scotts Miracle-Gro Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000825542-25-000018), on November 24, 2025, and is solely responsible for the information contained therein.

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This new agreement, executed on November 21, 2025, amends and restates a previous credit agreement from April 2022. The facilities include senior secured loans totaling $2.5 billion, comprised of a $1.5 billion revolving credit facility and a $1.0 billion term loan. Interest rates under the new agreement are tied to either the Alternate Base Rate or the Adjusted Term SOFR Rate, with separate indices for certain foreign currency borrowings. The new credit facilities are guaranteed by The Scotts Miracle-Gro Company and certain of its domestic subsidiaries, with provisions requiring future material domestic subsidiaries to also provide guarantees.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Scotts Miracle-Gro Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000825542-25-000018), on November 24, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2585949589","isCrawlerRequest":true}