{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-012177","form_type":"8-K","ticker":"HYFM","cik":"0001695295","company_name":"HYDROFARM HOLDINGS GROUP, INC.","filed_at":"2026-04-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.757341+00:00","generated_at":"2026-05-15T06:23:46.709268+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Hydrofarm defaults on interest payment, enters forbearance agreement through April 30","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-012177","json":"https://secwatch.observer/filing/0001437749-26-012177.json","markdown":"https://secwatch.observer/filing/0001437749-26-012177.md","text":"https://secwatch.observer/filing/0001437749-26-012177.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1695295/000143774926012177/0001437749-26-012177-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1695295/000143774926012177/hyfm20260410c_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T06:23:46.709268+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"44de81cded711c4f351dd6b3ea231c9b4bef96ca","claim":"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).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1695295/000143774926012177/0001437749-26-012177-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"FEAC Agent, LLC"},{"label":"Value","value":"$125,000,000 senior secured term loan"},{"label":"Effective","value":"2026-04-08"}],"fact_type":"material_agreement"},{"claim_id":"d779438d39618676874836dd8ad7d9616af6d766","claim":"HYDROFARM HOLDINGS GROUP, INC. entered into Amendment No. 2 to Credit and Guaranty Agreement with FEAC Agent, LLC (effective 2026-04-08).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1695295/000143774926012177/0001437749-26-012177-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"FEAC Agent, LLC"},{"label":"Effective","value":"2026-04-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}