FITLIFE BRANDS, INC. (FTLF): debt financing — FitLife Brands closes $42.5M acquisition of Irwin Naturals assets, funds with new credit facility

FITLIFE BRANDS, INC.

Acquired substantially all assets of Irwin Naturals for $42.5M; closed August 8, 2025 after bankruptcy court approval.
Funded $35.75M of consideration via new $40.625M term loan and $10M revolver from First-Citizens Bank; remainder from cash.
Minimal liabilities assumed; Company expects Irwin to drive revenue and earnings growth.

item 1.01 item 2.01 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

FITLIFE BRANDS, INC. incurred credit facility of $40.625 million with First-Citizens Bank & Trust Company at 2.50% to 3.00% above a forward-looking term rate, based on the secured overnight maturing August 8, 2030.

Instrument: credit facility
Principal: $40.625 million
Counterparty: First-Citizens Bank & Trust Company
Rate: 2.50% to 3.00% above a forward-looking term rate, based on the secured overnight
Maturity: August 8, 2030
Event: incurrence

Exact text from the filing

Entry into Credit Agreement On August 8, 2025 (the “ Closing Date ”), FitLife Brands, Inc. (the “ Company ”) entered into a Loan, Security and Guarantee Agreement (the “ Credit Agreement ”) with First-Citizens Bank & Trust Company (the “ Bank ”). Pursuant to the Credit Agreement, the Bank provided the Company with a five-year term loan in the amount of $40.625 million (“ Term Loan ”)

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

FITLIFE BRANDS, INC. incurred revolving credit of $10.0 million with First-Citizens Bank & Trust Company at Applicable Rate maturing August 8, 2028.

Instrument: revolving credit
Principal: $10.0 million
Counterparty: First-Citizens Bank & Trust Company
Rate: Applicable Rate
Maturity: August 8, 2028
Event: incurrence

Exact text from the filing

a three-year revolving line of credit of up to $10.0 million (the “ Credit Line ”, and collectively with the Term Loan, the “ Loan ”)

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101 debt financings filed in the last 30 days. Browse all debt financings →

FITLIFE BRANDS, INC. filing history →

Source: SEC EDGAR

accession 0001437749-25-025813

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