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Hydrofarm enters forbearance pact on USD 125 million term loan default

PUBT·04/14/2026 10:03:34
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Hydrofarm enters forbearance pact on USD 125 million term loan default
  • Hydrofarm entered a forbearance agreement dated April 8, 2026 tied to its USD 125 million senior secured term loan under a 2021 credit and guaranty agreement.
  • Lenders agreed to temporarily forbear from enforcing remedies on a payment default tied to missed interest due Jan. 31, 2026.
  • Forbearance runs through April 30, 2026, subject to 15-day extensions at administrative agent discretion.
  • Company also signed Amendment No. 2 that replaces JPMorgan with FEAC Agent as administrative and collateral agent.
  • Amendment adds tighter reporting covenants, including minimum liquidity of USD 1 million during forbearance period.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hydrofarm Holdings Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-012177), on April 14, 2026, and is solely responsible for the information contained therein.