{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-050984","form_type":"8-K","ticker":"SNYR","cik":"0001562733","company_name":"Synergy CHC Corp.","filed_at":"2025-06-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.779716+00:00","generated_at":"2026-05-19T23:54:46.391501+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Synergy CHC secures $20M credit facility (SOFR+8.5%) due May 2029","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-050984","json":"https://secwatch.observer/filing/0001213900-25-050984.json","markdown":"https://secwatch.observer/filing/0001213900-25-050984.md","text":"https://secwatch.observer/filing/0001213900-25-050984.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1562733/000121390025050984/0001213900-25-050984-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1562733/000121390025050984/ea0244642-8k_synergy.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T23:54:46.391501+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4ed8e45c59054fdc710bd05051ffd50d172517f7","claim":"Synergy CHC Corp. incurred term loan of $15.0 million with ACP Agency, LLC at Term SOFR rate plus 8.50%.","evidence_excerpt":"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”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1562733/000121390025050984/0001213900-25-050984-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$15.0 million"},{"label":"Counterparty","value":"ACP Agency, LLC"},{"label":"Rate","value":"Term SOFR rate plus 8.50%"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}