The Scotts Miracle-Gro has secured a new $1.7 billion revolving loan. The new credit facility will replace the U.S. fertilizer makers existing $2.2 billion facility, which was due to expire in February next year.
JP Morgan Chase Bank acted as administrative agent, while Bank of America Merrill Lynch, which served as a syndication agent, led a syndicate of 24 other banks. The new facility will be due to mature in 2016.
Click here for the release from PR Newswire.