---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-011013"
form_type: "8-K"
ticker: "HYFM"
cik: "0001695295"
company_name: "HYDROFARM HOLDINGS GROUP, INC."
filed_at: "2023-04-06T23:59:59+00:00"
generated_at: "2026-06-17T05:14:22.357255+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Hydrofarm Holdings amends credit facility, extends maturity to 2026, reduces commitment to $55M

## Summary
- Entered Fifth Amendment to Senior Secured Revolving Credit Facility with JPMorgan Chase, extending maturity to June 30, 2026.
- Maximum commitment reduced to $55 million; no borrowings outstanding as of March 31, 2023.
- Compensation committee approved 173,411 RSUs to CEO William Toler, vesting 50% Oct 2023 and 50% Oct 2024.
- Also approved $250,000 cash retention bonus to CFO B. John Lindeman, payable in installments through Oct 2024.

## SEC filing metadata
- accession: 0001628280-23-011013
- form_type: 8-K
- ticker: HYFM
- cik: 0001695295
- company_name: HYDROFARM HOLDINGS GROUP, INC.
- filed_at: 2023-04-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1695295/000162828023011013/0001628280-23-011013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1695295/000162828023011013/hyfm-20230331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-011013
- JSON: https://secwatch.observer/filing/0001628280-23-011013.json
- Plain text: https://secwatch.observer/filing/0001628280-23-011013.txt

## Key facts
- Material Agreements
  HYDROFARM HOLDINGS GROUP, INC. amended Fifth Amendment with JPMorgan Chase Bank, N.A. valued at $55 million (effective 2023-03-31).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: $55 million
  - Effective: 2023-03-31
  source text: On March 31, 2023, Hydrofarm Holdings Group, Inc. (the “Company”) and certain of its subsidiaries entered into an amendment (the “Fifth Amendment”) to that certain Senior Secured Revolving Credit Facility (the “Revolving Credit Facility”) with JPMorgan Chase Bank, N.A., as administrative agent, issuing bank and swingline lender, and the lenders from time to time party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1695295/000162828023011013/0001628280-23-011013-index.htm

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