HAVERTY FURNITURE COMPANIES INC 8-K

What Happened

• Haverty Furniture Companies, Inc. and its subsidiary Havertys Credit Services, Inc. filed an 8-K reporting a Sixth Amendment to their Amended and Restated Credit Agreement (dated June 29, 2026) with Truist Bank and the lenders. The amendment extends the maturity date of the company’s senior secured asset-based revolving credit facility to June 29, 2031, and increases overall borrowing capacity.
• The revolving credit facility is secured by inventory, accounts receivable, cash and certain other personal property and availability is determined by a borrowing-base calculation (reduced by outstanding letters of credit). The Sixth Amendment is filed as Exhibit 10.1 to the 8-K.

Key Details

• Revolving Loan Commitments increased from $80,000,000 to $100,000,000.
• Maturity date extended to June 29, 2031.
• Swingline sublimit raised from $5,000,000 to $10,000,000.
• The filing also reports the creation/modification of a direct financial obligation related to the amended facility (Item 2.03).

Why It Matters

• For investors, the amendment provides greater liquidity and a larger borrowing cushion ($20M increase) and extends the company’s financing runway to mid-2031, which can support working capital, inventory needs or other corporate purposes.
• Because the facility is asset-based and secured, borrowing capacity depends on Haverty’s inventory, receivables and cash levels; changes in those metrics will affect usable credit.
• The amendment is a material financing change (Item 1.01) and may affect the company’s leverage and flexibility; investors should monitor future borrowing, covenant terms (in the amendment), and periodic liquidity disclosures for further impact.