Scotts Miracle-Gro Extends $750M Receivables Facility With JPMorgan to 2027
Scotts Miracle-Gro amended its Master Receivables Purchase Agreement with JPMorgan Chase Bank to extend an uncommitted receivables sale facility through Aug 31, 2027. The program permits weekly, non-recourse purchases of up to $750 million of eligible receivables from five specified customers, serviced for a 20 bps fee, with limited recourse supported by $75 million in letters of credit and a performance undertaking. Proceeds are for general corporate purposes.