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Scotts Miracle-Gro to redeem 6% notes due 2023 via new notes
By Marisa Wong
Los Angeles, Oct. 8 – Scotts Miracle-Gro Co. said it plans to redeem all of its outstanding 6% senior notes due 2023 using proceeds from an offering of new senior notes due 2029.
The company also plans to use cash on hand and borrowings under its revolving credit facility to fund the redemption, according to a press release.
Scotts Miracle-Gro is a Marysville, Ohio-based marketer of branded consumer products for lawn and garden care.
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