HF Foods expands revolving credit facility to $140 million under amended JPMorgan-led loan deal

Reuters2026/07/31 20:32

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HF Foods entered Amendment No. 7 to its 2022 credit agreement with JPMorgan as agent, TD Bank, Fifth Third as lenders; Wells Fargo exited.
Asset-based revolving credit facility expanded to $140 million from $125 million; revolving maturity extended to July 29, 2031.
Term loans refinanced with an additional $40.1 million advance; term loan balance reset to $125 million; maturity set for July 29, 2036.
Term loans amortize at about $0.7 million monthly; $6.8 million prepayment required if the Searay Foods acquisition misses a 120-day deadline.
Facility secured by liens on substantially all borrower and guarantor assets; covenants include 1.10 fixed-charge coverage ratio, minimum availability of $12.5 million.

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. HF Foods Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001680873-26-000053), on July 31, 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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HF Foods expands revolving credit facility to $140 million under amended JPMorgan-led loan deal

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