The Scotts Miracle-Gro Company (NYSE: SMG) announced today the pricing of its offering of $400,000,000 aggregate principal amount of 4.375% senior notes due 2032 (the “Senior Notes”). The offering of the Senior Notes has not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and the Senior Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The sale of the Senior Notes is subject to customary closing conditions and is expected to close on August 13, 2021.
The Company intends to use the net proceeds from this offering to reduce borrowings under the Company’s senior secured revolving credit facility and for other general corporate purposes (including acquisitions and other strategic opportunities).
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Senior Notes and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful.
