DefaultApr 14, 2026, 12:48 PM
Hydrofarm Enters Forbearance After Defaulting on $125M Loan
AI Summary
Hydrofarm Holdings Group, Inc. entered into a Forbearance Agreement on April 8, 2026, with its lenders and agents. This agreement follows an Event of Default declared on February 11, 2026, due to the company's failure to pay interest on its $125,000,000 senior secured term loan by the January 31, 2026 due date. The Forbearance Agreement aims to address the default and outlines terms for the period from April 8, 2026.
Key Highlights
- Entered Forbearance Agreement on April 8, 2026.
- Defaulted on interest payment for $125,000,000 term loan.
- Interest payment due January 31, 2026, was missed.
- Event of Default declared on February 11, 2026.