Haverty Furniture Companies Inc.
07/02/2026 | Press release | Distributed by Public on 07/02/2026 14:29
Material Agreement, Financial Obligation (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement
On June 29, 2026, Haverty Furniture Companies, Inc. (the "Company") and its wholly owned subsidiary Havertys Credit Services, Inc. ("HCS") entered into a sixth Amendment to the Amended and Restated Credit Agreement (the "Sixth Amendment"), amending that certain Amended and Restated Credit Agreement dated September 21, 2011 (as amended by that certain First Amendment to Amended and Restated Credit Agreement dated March 31, 2016, the Second Amendment dated September 27, 2019, the Third Amendment dated May 15, 2020, the Fourth Amendment dated October 24, 2022, the Fifth Amendment dated July 22, 2025, and the Sixth Amendment, the "Amended Credit Agreement"), by and among the Company, HCS, the lenders from time to time party thereto, and Truist Bank, as Issuing Bank and Administrative Agent.
The Amended Credit Agreement provides for a senior secured asset-based revolving credit facility (the "Revolving Credit Facility"), secured by inventory, accounts receivable, cash and certain other personal property of the Company and HCS. Availability under the Revolving Credit Facility fluctuates under a borrowing base calculation and is reduced by outstanding letters of credit.
Pursuant to Sixth Amendment, the parties to the Amended Credit Agreement (i) extended the maturity date of the Revolving Credit Facility to June 29, 2031, (ii) increased the aggregate Revolving Loan Commitments from $80,000,000 to $100,000,000, (iii) increased the swingline sublimit under the Revolving Credit Facility from $5,000,000 to $10,000,000 and (iv) made certain other modifications to the terms with respect thereto.
The foregoing description of the Sixth Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Sixth Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information included in Item 1.01 of this Current Report on Form 8-K is also incorporated by reference into this Item 2.03 of this Current Report on Form 8-K.
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