HF Foods Group Revises Credit Terms with JPMorgan Chase

HF Foods Group Inc (HFFG) has released an update to notify the public and investors about an entry into a material definitive agreement.

HF Foods Group Inc. and its subsidiaries have revised their credit agreement terms with their lenders, led by JPMorgan Chase Bank. The modifications include the removal of a limitation on debt related to capital leases, the establishment of a $2,750,000 reserve affecting the borrowing base and financial covenants, and the exclusion of certain sublease income from financial metrics. This amendment reflects an ongoing adjustment to the financial structure to support the company’s property development plans.

For further insights into HFFG stock, check out TipRanks’ Stock Analysis page.

For a comprehensive understanding of the announcement, you can read the full document here.