---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-024106"
form_type: "8-K"
ticker: "HYFM"
cik: "0001695295"
company_name: "HYDROFARM HOLDINGS GROUP, INC."
filed_at: "2023-07-03T23:59:59+00:00"
generated_at: "2026-06-13T13:19:11.294072+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Hydrofarm amends credit agreement to replace LIBOR with SOFR, spreads unchanged

## Summary
- Amended $125M term loan to replace LIBOR with SOFR-based rates effective June 27, 2023.
- ABR loans bear interest at Alternate Base Rate (2% floor) plus 4.50%.
- Term Benchmark loans bear interest at Adjusted Term SOFR Rate (1% floor) plus 5.50%.
- Credit spreads and October 2028 maturity unchanged from original agreement.
- Transition follows joint early opt-in election by agent and borrower.

## SEC filing metadata
- accession: 0001628280-23-024106
- form_type: 8-K
- ticker: HYFM
- cik: 0001695295
- company_name: HYDROFARM HOLDINGS GROUP, INC.
- filed_at: 2023-07-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1695295/000162828023024106/0001628280-23-024106-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1695295/000162828023024106/hyfm-20230627.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-024106
- JSON: https://secwatch.observer/filing/0001628280-23-024106.json
- Plain text: https://secwatch.observer/filing/0001628280-23-024106.txt

## Key facts
- Material Agreements
  HYDROFARM HOLDINGS GROUP, INC. amended Amendment No. 1 to the Credit and Guaranty Agreement with JPMorgan Chase Bank, N.A., as administrative agent for the lenders (effective 2023-06-27).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent for the lenders
  - Effective: 2023-06-27
  source text: on June 27, 2023, Hydrofarm Holdings Group, Inc. (the "Company") amended its Credit and Guaranty Agreement, originally entered into on October 25, 2021 with JPMorgan Chase Bank, N.A., as administrative agent for the lenders, pursuant to which the Company borrowed a $125,000 senior secured term loan (“Term Loan”). Pursuant to Amendment No. 1 to the Credit and Guaranty Agreement (“Amendment No. 1”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1695295/000162828023024106/0001628280-23-024106-index.htm

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