Hydrofarm to Retire $109 Million Loan for Preferred Stock, Warrants
Hydrofarm agreed to retire its $109 million secured term loan in exchange for preferred stock and warrants.
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01:35:02 PM UTC
SquawkNews
Hydrofarm entered agreements to raise approximately $8.3M via a registered direct and private placement at $0.905 and will satisfy its $109M Senior Secured Term Loan by issuing 27.5M Series 1 non-voting convertible preferred shares and 27.5M warrants at $0.78, subject to approvals.Material DetailsC…