Current Report
Filed: 2026-03-25
Key Insights
- Synergy CHC Corp. has amended its term loan credit agreement to modify key provisions such as the amortization schedule, interest payments, financial covenants, and mandatory prepayment requirements related to equity issuances.
- The company is required to raise at least $10 million in net cash proceeds from equity issuances by September 30, 2026 or face an increase in the applicable interest rate margin.
- The amendment includes the addition of a minimum consolidated adjusted EBITDA covenant and revisions to the consolidated senior net leverage ratio testing levels and periods.