secwatch.observer — SEC 8-K summary
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Issuer:     Synergy CHC Corp. (SNYR)
CIK:        0001562733
Form:       8-K
Filed at:   2025-06-04T23:59:59+00:00
Accession:  0001213900-25-050984
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562733/000121390025050984/0001213900-25-050984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562733/000121390025050984/ea0244642-8k_synergy.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-050984

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