Synergy CHC Corp. (SNYR): debt financing — 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.

item 1.01 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Synergy CHC Corp. incurred term loan of $15.0 million with ACP Agency, LLC at Term SOFR rate plus 8.50%.

Instrument: term loan
Principal: $15.0 million
Counterparty: ACP Agency, LLC
Rate: Term SOFR rate plus 8.50%
Event: incurrence

Exact text from the filing

On May 30, 2025, Synergy CHC Corp. (the “Company”) entered into a term loan credit agreement (the “Credit Agreement”) with ACP Agency, LLC (“ACP”). The Credit Agreement consists of a $15.0 million term loan (the “Term Loan”), up to $2.5 million in a committed delayed draw facility (the “Delayed Draw Facility”), and up to $2.5 million in an uncommitted term loan incremental facility (the “Incremental Facility”)

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Source: SEC EDGAR

accession 0001213900-25-050984

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