Synergy CHC Corp. announced on June 4, 2025, that it has entered into a $20 million term loan credit agreement with ACP Agency, LLC. This new facility is due in May 2029, providing long-term financial stability for the company.
At closing, Synergy received a $15 million term loan with an interest rate of SOFR plus 8.5%. The loan features interest-only payments through 2025, with quarterly principal payments of $175,000 beginning in January 2026, increasing to $350,000 per quarter in 2027 and beyond.
The proceeds from this credit facility will be utilized to pay down existing debt and provide the company with growth capital. Additionally, a $2.5 million delayed draw facility and a $2.5 million uncommitted term loan incremental facility are available to Synergy. This refinancing supports the company's growth strategy and strengthens its capital structure.
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