This is a routine one-year extension of an existing liquidity facility with no new capital or change in terms. Monitor the next quarterly filing for any change in receivables facility utilization or covenant headroom, but no immediate trading action is warranted.
Price Chart
Executive Summary
Scotts Miracle-Gro extended its uncommitted $750M receivables purchase facility with JPMorgan Chase by one year, moving the Purchase Termination Date from September 1, 2026 to August 31, 2027. The facility is a routine liquidity tool for working capital, with no changes to facility size, pricing, or recourse structure. This is a standard administrative extension of an existing credit facility with no material financial impact.
Key Financial Metrics
Key Facts
- Extended Purchase Termination Date of the $750M receivables facility from Sept 1, 2026 to Aug 31, 2027.
- Facility is uncommitted and non-recourse to the sellers, with $75M in standby letters of credit supporting recourse obligations.
- Servicer fee remains 20 basis points; proceeds expected to be used for general corporate purposes.
- No changes to facility size, pricing, or eligibility criteria were disclosed.
Financial Impact
Extension of an existing $750 million uncommitted receivables facility with no change in size or pricing; no new capital raised.
Risk Factors
- The facility is uncommitted and can be terminated by JPMorgan at any time, creating refinancing risk if the company becomes dependent on it.
- No material financial risk from this filing itself.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000825542-26-000043 |
| Document: 0000825542-26-000043-index.html | 0000825542-26-000043 |
| Document: 0000825542-26-000043.txt | 0000825542-26-000043 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 8-K | $56.09 $52.36 | ▼ −6.65% | ▼ −7.47% | $49.02 (−12.60%) |
Sep 11, 2026 21d ago | 8-K | $55.91 $51.42 | ▼ −8.03% | ▼ −8.14% | $49.02 (−12.32%) |
Aug 27, 2026 5w ago | 8-K | $60.59 $59.29 | ▼ −2.15% | ▼ −2.41% | $49.02 (−19.10%) |
Aug 11, 2026 7w ago | Insider Cluster | $62.03 $59.55 | ▼ −4.00% | ▼ −3.59% | $49.02 (−20.97%) |
Aug 5, 2026 8w ago | Insider Cluster | $66.13 $62.17 | ▼ −5.99% | ▼ −6.34% | $49.02 (−25.87%) |
Jul 29, 2026 9w ago | 8-K | $70.33 $66.13 | ▼ −5.97% | ▼ −11.50% | $49.02 (−30.30%) |
Jun 4, 2026 17w ago | Court Ruling | $56.83 $61.88 | ▲ +8.89% | ▲ +11.44% | $49.02 (−13.74%) |
Apr 29, 2026 22w ago | Press Release | $61.73 $62.15 | ▲ +0.69% | ▼ −2.42% | $49.02 (−20.58%) |
Apr 22, 2026 23w ago | Press Release | $64.33 $62.42 | ▼ −2.97% | ▼ −4.45% | $49.02 (−23.80%) |
Apr 20, 2026 23w ago | Press Release | $64.37 $65.38 | ▲ +1.57% | ▲ +0.49% | $49.02 (−23.85%) |
US Market Status
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