Scotts Miracle-Gro Redeems $250 Million Senior Notes due 2026, Reaffirms Outlook

07:26 AM EDT, 09/15/2026 (MT Newswires) -- The Scotts Miracle-Gro (SMG) fully redeemed $250 million of its outstanding 5.250% senior notes due 2026 on Sept. 11 using available revolving credit facility borrowings and excess free cash flow, the company said Tuesday. The company also renewed its $750 million accounts receivable facility with JPMorgan Chase Bank (JPM), extending its maturity to Aug. 31, 2027. Scotts Miracle-Gro also said it repurchased $25 million of its own shares in August under the $500 million share buyback program. The company reaffirmed its previously provided fiscal-year guidance, including non-GAAP adjusted net income per share from continuing operations of $4.30 to $4.45. Analysts project $4.42. Shares of Scotts Miracle-Gro were up more than 3% in pre-bell activity on Tuesday.