Flash FinanceUS
Pre-market S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Scotts Miracle-Gro (SMG)

Scotts Miracle-Gro signs $2.0 billion five-year credit facility replacing 2022 deal

Neutral Impact 3 of 5 financing Written later

On November 21, 2025, Scotts Miracle-Gro entered a Seventh Amended and Restated Credit Agreement providing $2.0 billion of five-year senior secured loans, made up of a $1.5 billion revolving credit facility and a $500 million term loan. The new agreement replaces the Sixth Amended and Restated Credit Agreement dated April 8, 2022, which provided $2.5 billion, and the proceeds may be used to refinance amounts outstanding under the former agreement.

Key points

  • New facilities total $2.0 billion: a $1.5 billion revolver and a $500 million term loan, terminating November 21, 2030.
  • The prior agreement from April 8, 2022 totaled $2.5 billion, including a $1.0 billion term loan.
  • Leverage ratio must not exceed 5.00 to 1.00 from the fiscal quarter ending December 27, 2025; restricted payments above a 4.0 to 1.0 leverage ratio are capped at $225 million per fiscal year.
  • Initial spread is 1.75% on term benchmark and RFR loans and 0.75% on ABR loans until financial statements for the fiscal quarter ending December 27, 2025 are delivered.

The filing

CompanyScotts Miracle-Gro (SMG)
Form8-K, current report
Filed with the SECNov 24, 2025, 7:11 AM ET
Accession number0000825542-25-000018

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 24, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.