Synergy CHC secures $20M credit facility (SOFR+8.5%) due May 2029

Synergy CHC Corp.

Term loan of $15M at closing, plus $2.5M delayed draw and $2.5M uncommitted incremental facility.
Interest rate: Term SOFR + 8.5%; interest-only through 2025, then quarterly principal payments starting Jan 2026.
Proceeds used to repay existing debt, pay fees, provide working capital, and fully repay settlement-related debt.
Covenants include max senior net leverage ratio (starting 3.25x) and fixed charge coverage ratio of 1.20x.
Credit agreement includes customary representations, warranties, and events of default; secured by all assets.

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