HF Foods amends credit facility: revolver to $140M, term loans to $125M, maturities extended to 2031/2036

HF Foods Group Inc.

Revolving commitments increased from $125M to $140M; term loans refinanced from ~$90.3M to $125M via $40.1M additional advance.
Revolving loans mature July 29, 2031; term loans mature July 29, 2036; Wells Fargo Bank, N.A. ceased as lender.
If Searay Foods acquisition not closed within 120 days, Borrowers must prepay ~$6.8M of term loans (non-reborrowable).
New real estate borrowers joined: RN Charlotte, RN Holdings, NSFD, Great Wall IL; borrowing base includes eligible accounts and inventory.
Covenants: Fixed Charge Coverage Ratio ≥1.10x; minimum availability $12.5M for first year, then $7.5M.

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