HF Foods Group Inc. announced on February 18, 2025, that it has amended its Credit Agreement with JPMorgan Chase Bank and Comerica Bank. The revised agreement increases the company’s aggregate revolving commitment by $25 million, bringing the total to $125 million.
The amendment also includes the addition of Wells Fargo as a new lender, expanding HF Foods' banking relationships. This increased revolver capacity is intended to support the company's growth strategy and the ongoing execution of its strategic transformation plan.
This enhanced financial flexibility positions HF Foods to capitalize on market trends and demographics driving demand for Asian food. The company believes this move will be instrumental in supporting its long-term objectives.
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