---
schema_version: "secwatch.filing_event.v1"
accession: "0001443984-22-000125"
form_type: "8-K"
ticker: "SMG"
cik: "0000825542"
company_name: "SCOTTS MIRACLE-GRO CO"
filed_at: "2022-04-14T23:59:59+00:00"
generated_at: "2026-06-26T07:31:42.846828+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Scotts Miracle-Gro enters $2.5B credit facility, replacing $2.3B prior facility

## Summary
- $2.5B senior secured facilities: $1.5B revolver + $1.0B term loan, maturing April 8, 2027.
- Replaces $2.3B Fifth Amended facility from July 2018; extends maturity by ~4 years.
- Leverage ratio covenant at 4.50:1.00; restricted payments limited if leverage >4.0:1.0.
- Proceeds refinance prior debt and fund general corporate purposes and working capital.
- Interest rates tied to Adjusted Term SOFR plus spread; initial spread on revolver 1.20%.

## SEC filing metadata
- accession: 0001443984-22-000125
- form_type: 8-K
- ticker: SMG
- cik: 0000825542
- company_name: SCOTTS MIRACLE-GRO CO
- filed_at: 2022-04-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/825542/000144398422000125/0001443984-22-000125-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/825542/000144398422000125/smg-20220414.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001443984-22-000125
- JSON: https://secwatch.observer/filing/0001443984-22-000125.json
- Plain text: https://secwatch.observer/filing/0001443984-22-000125.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.