Hydrofarm terminates revolver, defers $2.8M interest; event of default on $125M term loan

HYDROFARM HOLDINGS GROUP, INC.

Terminated Revolving Credit Agreement with JPMorgan as of Feb 17, 2026.
Deferred $2.8M interest payment on $125M senior secured term loans on Feb 4, 2026.
Lenders notified event of default under Credit and Guaranty Agreement on Feb 11, 2026; no remedy enforcement yet.
Company and Board exploring strategic alternatives to strengthen liquidity and capital structure.
Ongoing discussions with term loan lenders regarding liquidity and capital structure.

item 1.02 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HYDROFARM HOLDINGS GROUP, INC. terminated Credit Agreement with JPMorgan Chase Bank, N.A. (effective 2026-02-17).

Action: termination
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A.
Effective: 2026-02-17

Exact text from the filing

On February 17, 2026, Hydrofarm Holdings Group, Inc.(the "Company") entered into an agreement to terminate (the "Termination Agreement") that certain Credit Agreement, dated as of March 29, 2021, as amended, by among JPMorgan Chase Bank, N.A. ("JPMorgan"), as administrative agent, issuing bank and swingline lender, the other loan parties from time to time party thereto and the lenders from time to time party thereto (the "Revolving Credit Agreement").

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Source: SEC EDGAR

accession 0001695295-26-000003

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