Scotts Miracle-Gro (SMG) Completes New $1.7 Billion Revolving Credit Facility
Tweet
Share
E-mailGet Alerts SMG Hot Sheet
Join SI Premium – FREE
The Scotts Miracle-Gro Company (NYSE: SMG) has entered into a new $1.7 billion secured revolving credit facility, replacing its existing $2.2 billion facility, which was set to expire in February 2012.
The transaction completes a process in which the Company has overhauled its capital structure and successfully staggered the maturities and sources of its borrowings. The current facility is scheduled to mature in 2016. Over the past 18 months, ScottsMiracle-Gro had two bond offerings of $200 million apiece which have maturities in 2020 and 2018 respectively.
The transaction completes a process in which the Company has overhauled its capital structure and successfully staggered the maturities and sources of its borrowings. The current facility is scheduled to mature in 2016. Over the past 18 months, ScottsMiracle-Gro had two bond offerings of $200 million apiece which have maturities in 2020 and 2018 respectively.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Scotts Miracle-Gro (SMG) call put ratio 15 calls to 1 put with a focus on August 62.50 calls as share price up 3.4%
- Boeing names Ryan Shedd as new SVP and controller
- Elroy Air wins $46M U.S. Army contract for cargo drone system
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
