{"schema_version":"secwatch.filing_event.v1","accession":"0000825542-25-000018","form_type":"8-K","ticker":"SMG","cik":"0000825542","company_name":"SCOTTS MIRACLE-GRO CO","filed_at":"2025-11-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.279314+00:00","generated_at":"2026-05-16T17:29:09.041566+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Scotts Miracle-Gro refinances $2.0B credit facility; term loan reduced to $500M, maturity extended to 2030","bullets":["New $2.0B credit facility ($1.5B revolver + $500M term) replaces prior $2.5B facility ($1.5B revolver + $1B term).","Maturity extended to Nov 21, 2030 (prior Apr 8, 2027). Initial Applicable Spread: 1.75% (Term Benchmark/RFR) and 0.75% (ABR).","Leverage ratio covenant ≤5.00x; minimum interest coverage 3.00x-3.50x; restricted payments ≤$225M/yr if leverage >4.0x.","Prior $2.5B Sixth A&R Credit Agreement terminated and replaced by the new Seventh A&R Credit Agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0000825542-25-000018","json":"https://secwatch.observer/filing/0000825542-25-000018.json","markdown":"https://secwatch.observer/filing/0000825542-25-000018.md","text":"https://secwatch.observer/filing/0000825542-25-000018.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/825542/000082554225000018/0000825542-25-000018-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/825542/000082554225000018/smg-20251124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T17:29:09.041566+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7535f211d35143f1af0f513d4a064a5e800092d7","claim":"SCOTTS MIRACLE-GRO CO incurred credit facility of $2.0 billion with JPMorgan Chase Bank, N.A., as Administrative Agent; Bank of America, N.A., Mizuho Bank, LTD., Wells Fargo Bank, National Association, Truist Bank, PNC Bank, National Association and Capital One, N.A, as Co-Syndication Agents; Farm Credit Canada, TD Bank, N.A., Coöperatieve Rabobank U.A., New York Br at (i) the Alternate Base Rate plus the Applicable Spread or (ii) the Adjusted Term maturing November 21, 2030.","evidence_excerpt":"On November 21, 2025, The Scotts Miracle-Gro Company (the “ Company ”) entered into a Seventh Amended and Restated Credit Agreement, by and among the Company, as a Borrower; the Subsidiary Borrowers; JPMorgan Chase Bank, N.A., as Administrative Agent; Bank of America, N.A., Mizuho Bank, LTD., Wells Fargo Bank, National Association, Truist Bank, PNC Bank, National Association and Capital One, N.A, as Co-Syndication Agents; Farm Credit Canada, TD Bank, N.A., Coöperatieve Rabobank U.A., New York Branch, U.S. Bank National Association and Citizens Bank, N.A., as Co-Documentation Agents; and the several other banks and other financial institutions from time to time parties thereto (the “ Seventh A&R Credit Agreement ”). Subject to the terms and conditions of the Seventh A&R Credit Agreement, the lenders have committed to provide the Company and certain of its subsidiaries with five-year senior secured loan facilities in the aggregate principal amount of $2.0 billion, comprised of a revolvin","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/825542/000082554225000018/0000825542-25-000018-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$2.0 billion"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as Administrative Agent; Bank of America, N.A., Mizuho Bank, LTD., Wells Fargo Bank, National Association, Truist Bank, PNC Bank, National Association and Capital One, N.A, as Co-Syndication Agents; Farm Credit Canada, TD Bank, N.A., Coöperatieve Rabobank U.A., New York Br"},{"label":"Rate","value":"(i) the Alternate Base Rate plus the Applicable Spread or (ii) the Adjusted Term"},{"label":"Maturity","value":"November 21, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}