Scotts Miracle-Gro extends $400M receivable facility to Aug 2023; repurchase spread increased by 0.175%

SCOTTS MIRACLE-GRO CO

Facility expiration extended from Aug 19, 2022 to Aug 18, 2023.
Seasonal commitment period set to Feb 24, 2023 – Jun 16, 2023; committed amount $160M.
Repurchase price spread raised from Daily Simple SOFR + 0.90% to + 1.075% during seasonal commitment (up to $160M).
Same spread applies to excess and non-seasonal periods; SOFR floor remains zero.
Scotts Miracle-Gro continues to guarantee all obligations under the facility.

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