secwatch.observer — SEC 8-K summary
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Issuer:     SCOTTS MIRACLE-GRO CO (SMG)
CIK:        0000825542
Form:       8-K
Filed at:   2022-08-23T23:59:59+00:00
Accession:  0001443984-22-000230
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825542/000144398422000230/0001443984-22-000230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825542/000144398422000230/smg-20220823.htm
  HTML page:      https://secwatch.observer/filing/0001443984-22-000230

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