Hydrofarm modifies revolver to increase borrowings to $100 million

Chicago, Sept. 7 – Hydrofarm Holdings Group, Inc. amended its senior secured revolving credit facility on Aug. 31 with JPMorgan Chase Bank, NA as administrative agent.

The amendment increases availability to $100 million from $50 million.

Additionally, the company’s recently acquired subsidiaries have become party to the credit agreement either as borrowers or as guarantors.

At closing, there was $20 million outstanding under the revolver.

JPMorgan provided the entire $100 million commitment.

The borrower, a distributor and manufacturer of controlled environment agriculture equipment and supplies, is based in Fairless Hills, Pa.

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