Hydrofarm Holdings ends revolving credit agreement and reports event of default

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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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