Hydrofarm Holdings ends revolving credit agreement and reports event of default

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Hydrofarm Holdings has terminated its revolving credit agreement and reported an event of default after deferring an interest payment on its senior secured term loan. The company is exploring strategic alternatives to improve its liquidity and capital structure, facing a significant debt burden and declining revenue. Despite a “WEAK” financial health score from InvestingPro, the stock appears undervalued, trading near its 52-week low.

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