---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-24-001191"
form_type: "8-K"
ticker: "HOFT"
cik: "0001077688"
company_name: "HOOKER FURNISHINGS Corp"
filed_at: "2024-12-06T23:59:59+00:00"
generated_at: "2026-05-29T06:08:10.779577+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Hooker Furnishings enters into $70 million amended credit facility with Bank of America, maturing 2029

## Summary
- Amended and restated loan agreement on Dec 5, 2024, provides revolving credit facility up to $70 million, with option to increase by $30 million.
- Outstanding $21.7 million loans and $6.7 million letters of credit from prior facility continue under new terms.
- Interest rate is Term SOFR plus 1.75% per annum; maturity date December 5, 2029.
- Facility is secured by substantially all assets of borrower and subsidiaries; financial covenant requires EBITDA/debt service ratio >=1.0 if availability falls below 10%.
- Borrowing base includes accounts receivable, inventory, life insurance cash value; initial availability $41.1 million after fees.

## SEC filing metadata
- accession: 0001185185-24-001191
- form_type: 8-K
- ticker: HOFT
- cik: 0001077688
- company_name: HOOKER FURNISHINGS Corp
- filed_at: 2024-12-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1077688/000118518524001191/0001185185-24-001191-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1077688/000118518524001191/hoft20241206_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-24-001191
- JSON: https://secwatch.observer/filing/0001185185-24-001191.json
- Plain text: https://secwatch.observer/filing/0001185185-24-001191.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.