$SMG (SCOTTS MIRACLE-GRO) — 8-K: ScottsMiracle-Gro redeems $250 million notes, starts $500 million buyback with $25 million repurchased

ScottsMiracle-Gro redeemed all $250 million of its 5.250% senior notes due 2026 on September 11, 2026, funded by revolver debt and fiscal 2026 excess free cash flow. It renewed its $750 million accounts receivable facility with JPMorgan Chase, extending maturity to August 31, 2027, and repurchased $25 million of shares in August under a $500 million authorization. The company reaffirmed fiscal 2026 guidance: U.S. Consumer net sales low single-digit growth, non-GAAP adjusted gross margin of at least 32%, non-GAAP adjusted EPS of $4.30 to $4.45, non-GAAP adjusted EBITDA mid single-digit growth, and free cash flow of $275 million, driving leverage to the high 3s.

ScottsMiracle-Gro redeemed all $250 million of its 5.250% senior notes due 2026 on September 11, 2026, funded by revolver debt and fiscal 2026 excess free cash flow. It renewed its $750 million accoun