Scotts Miracle-Gro Extends $750M Receivables Financing to Aug 2027

What Happened The Scotts Miracle-Gro Company filed an 8-K on August 27, 2026 reporting that, on August 24, 2026, it entered into a Third Amendment to its Master Receivables Purchase Agreement with JPMorgan Chase Bank, N.A. The amendment extends the facility’s Purchase Termination Date from September 1, 2026 to August 31, 2027. Under the receivables facility, the sellers may sell — and the purchaser may buy on an uncommitted, weekly basis — up to $750 million of eligible customer accounts receivable (from five specified customers). The Scotts Company LLC remains the servicer and will continue to service sold receivables for a 20 basis point fee.

Key Details

• Amendment date: August 24, 2026; 8-K filed August 27, 2026.
• Facility size: up to $750 million of eligible accounts receivable, uncommitted and purchasable weekly.
• Servicer fee: 20 basis points (0.20%).
• Recourse protections: facility is non-recourse to Sellers/Company except for limited recourse (repurchase/indemnity) obligations supported by $75 million in standby letters of credit and guaranteed by the Company under a Performance Undertaking dated October 27, 2023.
• Purchaser: JPMorgan Chase Bank, N.A.; Sellers include The Scotts Company LLC and certain subsidiaries; Company acts as Seller Representative.

Why It Matters This amendment preserves Scotts’ ability to convert up to $750 million of receivables into cash through August 31, 2027, supporting short-term liquidity and working capital needs without incurring traditional debt on its balance sheet. Because the facility is uncommitted, the lender can cease purchases earlier, so it is a flexible but not guaranteed source of funding. Recourse to the company is limited but exists for specified repurchase and indemnity obligations and is backed by $75 million of standby letters of credit and the Company’s guarantee, meaning there are some contingent obligations investors should monitor.