secwatch.observer — SEC 8-K summary
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Issuer:     SCOTTS MIRACLE-GRO CO (SMG)
CIK:        0000825542
Form:       8-K
Filed at:   2026-09-15T12:33:35+00:00
Accession:  0000825542-26-000050
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scotts Miracle-Gro redeems $250M notes, renews AR facility, starts share repurchases
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- Redeemed all $250M of 5.250% senior notes due 2026 on Sept 11, using revolver debt and FY2026 excess FCF.
- Renewed $750M accounts receivable facility with JPMorgan Chase, extending maturity to Aug 31, 2027.
- Repurchased $25M of shares in August, initiating the $500M buyback program authorized by the board.
- Reaffirmed FY2026 guidance: adjusted EPS $4.30-$4.45, adjusted gross margin at least 32%, US Consumer low-single-digit net sales growth.
- Reaffirmed free cash flow target of $275M, projecting leverage ratio down to high 3s; FY results due Nov 4, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825542/000082554226000050/0000825542-26-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825542/000082554226000050/smg-20260915.htm
  HTML page:      https://secwatch.observer/filing/0000825542-26-000050

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