Hydrofarm Holdings Group, Inc. announced the termination of its revolving credit agreement and is exploring strategic alternatives to improve its liquidity and capital structure. The company, which carries approximately $162 million in debt, reported an event of default after deferring an interest payment on its senior secured term loan. Its stock is trading near 52-week lows, with InvestingPro data indicating a “WEAK” financial health score despite its current ratio suggesting sufficient liquid assets for short-term obligations.
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Hydrofarm Holdings ends revolving credit agreement and reports event of default
Hydrofarm Holdings Group, Inc. announced the termination of its revolving credit agreement and is exploring strategic alternatives to improve its liquidity and capital structure. The company, which carries approximately $162 million in debt, reported an event of default after deferring an interest payment on its senior secured term loan. Its stock is trading near 52-week lows, with InvestingPro data indicating a “WEAK” financial health score despite its current ratio suggesting sufficient liquid assets for short-term obligations.