Item 1.01 Entry into a Material Definitive Agreement

On October 24, 2022, Haverty Furniture Companies, Inc. and its wholly owned subsidiary (the "Company" or "Havertys"), entered into a Fourth Amendment (the "Amendment") to 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, and the Third Amendment dated May 15, 2020) (the "Credit Agreement") by and between Truist Bank (as successor by merger to SunTrust Bank) as Issuing Bank and Administrative Agent.

The Credit Agreement provides for a revolving credit facility (the "Revolving Credit Facility"), and is secured by inventory, accounts receivable, cash and certain other personal property. Availability fluctuates under a borrowing base calculation and is reduced by outstanding letters of credit. The material terms of the Credit Agreement are described under "Note 5, Credit Agreement" in the notes to financial statements in our Annual Report on Form 10-K for the year December 31, 2021.

The terms of the Amendment include an increase in the Revolving Loan Commitments from $60,000,000 to $80,000,000; an extension of the maturity date of the Credit Agreement to October 24, 2027; and replaced the LIBOR Rate with the SOFR Rate as the interest rate benchmark.

The foregoing description of the terms and conditions in the Amendment and the Credit Agreement, does not purport to be complete and is subject to and qualified in its entirety by reference to the full text of the Amendment, which will be filed as an Exhibit to the Company's Form 10-Q for the quarter ended September 30, 2022.

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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