Attached files
file | filename |
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8-K - FORM 8-K - SCOTTS MIRACLE-GRO CO | l38498e8vk.htm |
EX-5.1 - EX-5.1 - SCOTTS MIRACLE-GRO CO | l38498exv5w1.htm |
EX-4.2 - EX-4.2 - SCOTTS MIRACLE-GRO CO | l38498exv4w2.htm |
EX-1.1 - EX-1.1 - SCOTTS MIRACLE-GRO CO | l38498exv1w1.htm |
EX-4.1 - EX-4.1 - SCOTTS MIRACLE-GRO CO | l38498exv4w1.htm |
EX-12.1 - EX-12.1 - SCOTTS MIRACLE-GRO CO | l38498exv12w1.htm |
EX-99.1 - EX-99.1 - SCOTTS MIRACLE-GRO CO | l38498exv99w1.htm |
Exhibit 99.2
The Scotts Miracle-Gro Company | NEWS |
The
Scotts Miracle-Gro Company Announces Pricing of Offering
of $200 Million of Senior Notes
of $200 Million of Senior Notes
MARYSVILLE, Ohio (January 11, 2010) The Scotts Miracle-Gro Company (NYSE: SMG), the
worlds leading marketer of branded consumer lawn and garden products, announced today that it has
priced its $200 million aggregate principal amount of 7.250% Senior Notes due 2018. The notes are
being sold to the public at 99.254% of the principal amount thereof, to yield 7.375% to maturity.
The notes will be general unsecured senior obligations of the Company. As of the issue date, the
notes will be guaranteed by each of the Companys subsidiaries that guarantees the Companys senior
secured credit facilities. The Company intends to use the net proceeds from the offering to repay
outstanding borrowings under its senior secured revolving credit facility.
The notes will mature on January 15, 2018, and may be redeemed prior to that date by the
Company at applicable redemption premiums. The offering is expected to close on January 14, 2010,
subject to customary closing conditions.
BofA Merrill Lynch and J.P. Morgan served as the joint book-running managers for the offering.
The offering is being made only by means of a prospectus and related prospectus supplement.
Copies of the prospectus and the prospectus supplement may be obtained by contacting BofA Merrill
Lynch, 100 West 33rd Street, 3rd Floor, New York, NY 10001, Attention:
Prospectus Department, or by calling 1-800-294-1322 or J.P. Morgan, 270 Park Avenue, New York, NY
10017, or by calling (212) 834-4533. The prospectus and the prospectus supplement may also be
obtained from the U.S. Securities and Exchange Commissions website at http://www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to
buy nor shall there be any sale of these securities in any state in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the securities laws of any
state.
About ScottsMiracle-Gro
With approximately $3 billion in worldwide sales and more than 8,000 associates, The Scotts
Miracle-Gro Company, through its wholly-owned subsidiary, The Scotts Company LLC, is the worlds
largest marketer of branded consumer products for lawn and garden care, with products for
professional horticulture as well. The Companys brands are the most recognized in the industry. In
the U.S., the Companys Scotts®, Miracle-Gro®, and Ortho® brands are market-leading in their
categories, as is the consumer Roundup® brand, which is marketed in North America and most of
Europe exclusively by Scotts and owned by Monsanto. In the U.S., we operate Scotts LawnService®,
the second largest residential lawn care service business. In Europe, the Companys brands include
Weedol®, Pathclear®, Evergreen®, Levington®, Miracle-Gro®, KB®, Fertiligène® and Substral®. For
additional information, visit us at www.scotts.com
Statement under the Private Securities Litigation Act of 1995
This press release includes forward-looking statements within the meaning of the federal
securities laws. All statements, other than statements of historical facts, included in this press
release that address activities, events or developments that the Company expects, believes or
anticipates will or may occur in the future are forward-looking statements. These statements
include the Companys plan to complete a public offering of $200 million of senior notes. Such
statements are subject to a number of assumptions, risks and uncertainties, many of which are
beyond the control of the Company, including the Companys ability to sell the notes, general
economic conditions and other factors described in the Companys reports filed with the Securities
and Exchange Commission.
Contact Information
Jim King
Senior Vice President,
Investor Relations and Corporate Affairs
The Scotts Miracle-Gro Company
(937) 578-5622
Senior Vice President,
Investor Relations and Corporate Affairs
The Scotts Miracle-Gro Company
(937) 578-5622