April 13, 2017 / 8:23 PM / 4 months ago

BRIEF-Scotts Miracle-Gro Co, co's unit enters into a master repurchase agreement

April 13 (Reuters) - Scotts Miracle-Gro Co:

* Scotts Miracle-Gro Co - on April 7, 2017, co's unit entered into a master repurchase agreement and a master framework agreement

* Scotts Miracle-Gro - under receivables facility, scotts llc may sell a portfolio of available and eligible outstanding customer accounts receivable to purchasers

* Scotts Miracle-Gro Co - under receivables facility, scotts llc simultaneously agrees to repurchase receivables on a weekly basis.

* Scotts Miracle-Gro Co - eligible accounts receivable consist of up to $250 million in accounts receivable generated by sales to three specified customers

* Scotts Miracle-Gro Co - receivables facility is committed up to $100 million during commitment period beginning on april 7, 2017 and ending on June 16, 201

* Scotts Miracle-Gro Co - Scotts Miracle-Gro has guaranteed all of Scotts LLC's obligations under receivables facility. Source text:(bit.ly/2pyKNax) Further company coverage:

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