secwatch.observer — SEC 8-K summary
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Issuer:     SCOTTS MIRACLE-GRO CO (SMG)
CIK:        0000825542
Form:       8-K
Filed at:   2025-11-24T23:59:59+00:00
Accession:  0000825542-25-000018
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scotts Miracle-Gro refinances $2.0B credit facility; term loan reduced to $500M, maturity extended to 2030
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825542/000082554225000018/0000825542-25-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825542/000082554225000018/smg-20251124.htm
  HTML page:      https://secwatch.observer/filing/0000825542-25-000018

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