Hudson Technologies boosts letter of credit limit
Hudson Technologies, Inc. disclosed that its subsidiaries Hudson Technologies Company and Hudson Holdings, Inc. entered into a Fifth Amendment to the Amended and Restated Credit Agreement with Wells Fargo Bank and other lenders.
Rhea-AI Filing Summary
Hudson Technologies, Inc. disclosed that its subsidiaries Hudson Technologies Company and Hudson Holdings, Inc. entered into a Fifth Amendment to the Amended and Restated Credit Agreement with Wells Fargo Bank and other lenders. The amendment increases the revolving credit facility’s letter of credit sublimit from $1.5 million to $2.5 million, while all other terms of the facility remain unchanged. The full amendment is provided as an exhibit to the report.
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8-K Event Classification
3 items: 1.01, 2.03, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Old LC sublimit: $1.5 million
New LC sublimit: $2.5 million
Amendment number: Fifth Amendment
+1 more
4 metrics
Old LC sublimit
$1.5 million
Letter of credit sublimit prior to Fifth Amendment
New LC sublimit
$2.5 million
Letter of credit sublimit after Fifth Amendment
Amendment number
Fifth Amendment
Fifth amendment to Amended and Restated Credit Agreement
Execution date
May 19, 2026
Date Fifth Amendment was entered into
Key Terms
Revolving Credit Facility Amendment, letter of credit sublimit, Amended and Restated Credit Agreement, administrative agent
4 terms
Revolving Credit Facility Amendment financial
"Revolving Credit Facility Amendment On May 19, 2026, Hudson Technologies Company..."
letter of credit sublimit financial
"The Fifth Amendment increases the letter of credit sublimit under the credit facility..."
Amended and Restated Credit Agreement financial
"entered into a Fifth Amendment to Amended and Restated Credit Agreement dated May 19, 2026..."
An amended and restated credit agreement is a company’s original loan contract that has been updated and replaced by a single new document incorporating all changes. Think of it like refinancing and rewriting a mortgage so new payment schedules, interest rates, borrowing limits, or borrower obligations are combined into one clear contract. Investors care because those new terms change a company’s cash flow, borrowing flexibility and default risk, which can affect creditworthiness and share value.
administrative agent financial
"with Wells Fargo Bank, National Association, as administrative agent and lender..."
An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What change did Hudson Technologies (HDSN) make to its credit facility?
Hudson Technologies increased the letter of credit sublimit on its existing revolving credit facility from $1.5 million to $2.5 million. All other terms of the Amended and Restated Credit Agreement with Wells Fargo and other lenders remain unchanged.
Who are the borrowers under Hudson Technologies’ amended credit agreement?
The borrowers are Hudson Technologies Company and Hudson Holdings, Inc., both subsidiaries of Hudson Technologies, Inc. The parent company serves as a guarantor under the Amended and Restated Credit Agreement amended by the Fifth Amendment.
Which bank is the administrative agent on Hudson Technologies’ credit facility?
Wells Fargo Bank, National Association, acts as administrative agent and lender under Hudson Technologies’ Amended and Restated Credit Agreement. The Fifth Amendment was executed with Wells Fargo and other lenders that are or may become parties to the facility.
Does the Fifth Amendment change other terms of HDSN’s credit facility?
No, the Fifth Amendment only increases the letter of credit sublimit from $1.5 million to $2.5 million. The filing states that the credit facility is otherwise unchanged, and the detailed terms are contained in the attached exhibit.
Where can investors find the full text of Hudson Technologies’ Fifth Amendment?
The full text of the Fifth Amendment to the Amended and Restated Credit Agreement is filed as Exhibit 10.1 to the current report. Investors can review this exhibit for complete contractual terms and conditions of the amendment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
