SCOTTS MIRACLE-GRO (SMG) Redeems $250M in Notes and Starts Buyback
The lawn and garden company repaid its 2026 senior notes, renewed a $750 million receivables facility, bought back $25 million in stock and reaffirmed fiscal 2026 guidance.
The Scotts Miracle-Gro Company (SMG) said on September 15 that it has completed several steps in its capital allocation plan, including the redemption of all $250 million of its 5.250% senior notes due 2026, and reaffirmed its guidance for the fiscal year that ends on September 30. The company also confirmed it is on track for its free cash flow target of $275 million.
