Hydrofarm Eliminates $109 Million Term Loan in Exchange for Preferred Stock, Warrants

Bitget2026/10/28 11:35

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Hydrofarm eliminated its $109 million Senior Secured Term Loan, removing approximately $12 million in annual debt service.
Lenders received 27,500,000 shares of Series 1 Non-Voting Convertible Preferred Stock, each convertible into one common share.
They also received warrants to purchase 27,500,000 common shares at an exercise price of $0.78 per share.
Preferred stock conversion and Lender Warrants exercise require stockholder approval, which will be sought as promptly as practicable.
A concurrent registered direct offering and private placement raised approximately $8.3 million in gross proceeds for general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hydrofarm Holdings Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610280730PRIMZONEFULLFEED9855007) on October 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Hydrofarm Eliminates $109 Million Term Loan in Exchange for Preferred Stock, Warrants

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