secwatch.observer — SEC 8-K summary
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Issuer:     HYDROFARM HOLDINGS GROUP, INC. (HYFM)
CIK:        0001695295
Form:       8-K
Filed at:   2026-04-14T23:59:59+00:00
Accession:  0001437749-26-012177
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1695295/000143774926012177/0001437749-26-012177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1695295/000143774926012177/hyfm20260410c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-012177

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer