Hydrofarm defaults on interest payment, enters forbearance agreement through April 30

HYDROFARM HOLDINGS GROUP, INC.

Missed interest payment on $114.4M term loan (due Jan 31, 2026) led to default; forbearance until April 30, 2026.
Conditions: maintain $1M avg daily cash, provide asset-sale term sheet, budgets, and attend lender calls.
Amendment No. 2 replaces JPMorgan with FEAC as agent; adds $1M minimum liquidity covenant.
Accrued unpaid interest of $5.2M; default-rate interest accruing since Feb 6, 2026.
Company must present at least two asset valuation bids and a sale term sheet to lenders.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HYDROFARM HOLDINGS GROUP, INC. entered into Forbearance Agreement with FEAC Agent, LLC valued at $125,000,000 senior secured term loan (effective 2026-04-08).

Action: entry
Agreement: credit facility
Counterparty: FEAC Agent, LLC
Value: $125,000,000 senior secured term loan
Effective: 2026-04-08

Exact text from the filing

On April 8, 2026, Hydrofarm Holdings Group, Inc., a Delaware corporation (the “Company”), entered into that certain Forbearance Agreement (the “Forbearance Agreement”) with the other credit parties from time to time party thereto (the “Credit Parties”), the lenders from time to time party thereto (the “Lenders”), and FEAC Agent, LLC

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HYDROFARM HOLDINGS GROUP, INC. entered into Amendment No. 2 to Credit and Guaranty Agreement with FEAC Agent, LLC (effective 2026-04-08).

Action: entry
Agreement: credit facility
Counterparty: FEAC Agent, LLC
Effective: 2026-04-08

Exact text from the filing

In connection with the Forbearance Agreement, on April 8, 2026, the Company, the Lenders and the Agents entered into that certain Amendment No. 2 to Credit and Guaranty Agreement (“Amendment No. 2”).

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HYDROFARM HOLDINGS GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001437749-26-012177

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