New Issue: The Scotts Co. $70 million add-on prices at 102.50 to yield 8%

By Paul A. Harris

St. Louis, Mo., Feb. 1 - The Scotts Co. priced a $70 million add-on to its 8 5/8% senior subordinated notes due Jan. 15, 2009 at 102.50 for a yield-to-worst of 8%, according to a syndicate source.

"It priced right in the middle of (8% area) price talk," the syndicate official commented, adding that the deal went well.

J.P. Morgan was sole bookrunner and lead on the Rule 144A transaction. Banc of America Securities, Wachovia Securities, ABN Amro and Credit Lyonnais were co-managers.

Issuer:	The Scotts Co.
Amount:	$70 million
Type:	Add-on to 8 5/8% senior subordinated notes due Jan. 15, 2009
Bookrunner:	J.P. Morgan
Coupon:	8 5/8%
Price:	102.50
Yield-to-worst:	8%
Call features:	Callable on Jan. 15, 2004 at 104.313, then at 102.875, 101.438, declining to par on Jan. 15, 2007 and thereafter
Equity clawback:	Expired
Settlement date:	Feb. 6
Ratings:	Moody's: B2
	Standard & Poor's: B+
Cusip:	810186AC0

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