{
  "id": 7535158,
  "title": "Scotts Miracle-Gro redeems $250 million in senior notes",
  "url": "https://urgent.news/2026/09/15/scotts-miracle-gro-redeems-250-million-in-senior-notes",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T11:00:30.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/scotts-miraclegro-redeems-250-million-in-senior-notes-93CH-4901278"
  },
  "original_language": "en",
  "account": "Marysville, Ohio - Scotts Miracle-Gro Company redeemed $250 million in senior notes and launched a share repurchase program on September 11, according to a press release. The redemption of the 5.250% senior notes maturing in 2026 was financed through a revolving credit facility and projected fiscal year 2026 excess cash flow. Scotts Miracle-Gro extended its $750 million revolving credit facility with JPMorgan Chase Bank, setting a new maturity date of August 31, 2027. The business executed $25 million in share repurchases in August, commencing a $500 million program authorized by the Board of Directors. The company stated that future repurchases would take precedence after debt reduction and would be contingent on market conditions. Scotts Miracle-Gro affirmed its fiscal 2026 outlook, anticipating low single-digit growth in U.S. Consumer net sales, a non-GAAP adjusted gross margin of 32% or higher, and a non-GAAP adjusted net income per share from continuing operations of $4.30 to $4.45. The company also upheld its free cash flow objective of $275 million. Strengthening its financial position is a top priority, and CFO Mark Scheiwer expressed satisfaction with the progress made in deleveraging the company. The fiscal year concluded on September 30, 2026, with full-year results expected to be disclosed on November 4, 2026. Scotts Miracle-Gro generates approximately $3.3 billion in revenues, selling lawn and garden products across North America under well-known brands like Scotts, Miracle-Gro, Ortho, and Tomcat. This story is AI-generated and has been reviewed by an editor.",
  "summary": null,
  "key_points": [
    "Scotts Miracle-Gro redeemed $250 million in senior notes.",
    "Company launched share repurchase program of $500 million.",
    "Fiscal year 2026 outlook includes low single-digit growth."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}