---
schema_version: "secwatch.filing_event.v1"
accession: "0001443984-22-000167"
form_type: "8-K"
ticker: "SMG"
cik: "0000825542"
company_name: "SCOTTS MIRACLE-GRO CO"
filed_at: "2022-06-08T23:59:59+00:00"
generated_at: "2026-06-25T03:43:43.053001+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Scotts Miracle-Gro amends credit agreement; higher rates, dividend cap through 2024

## Summary
- Amendment adjusts leverage covenant through April 1, 2024, with higher interest margins when leverage exceeds 4.75x.
- Revolver spread increases by 35 bps and term loan spread by 50 bps when leverage >4.75x; facility fee up 15 bps.
- Dividends limited to $225M per fiscal year and other distributions capped at $25M during leverage adjustment period.
- Consenting lenders receive a one-time fee of 0.10% of commitments and outstanding term loans.
- Amendment effective June 8, 2022; requires pro forma leverage compliance for acquisitions and debt incurrence.

## SEC filing metadata
- accession: 0001443984-22-000167
- form_type: 8-K
- ticker: SMG
- cik: 0000825542
- company_name: SCOTTS MIRACLE-GRO CO
- filed_at: 2022-06-08T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/825542/000144398422000167/0001443984-22-000167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/825542/000144398422000167/smg-20220608.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001443984-22-000167
- JSON: https://secwatch.observer/filing/0001443984-22-000167.json
- Plain text: https://secwatch.observer/filing/0001443984-22-000167.txt

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