Synergy CHC announces $20M long-term credit facility

Synergy CHC (SNYR) entered into a $20M term loan credit agreement, due May 2029 with ACP Agency. The proceeds will be used to pay down debt and provide the Company with growth capital. Under the terms of the agreement, the Company received a $15M term loan at closing, with an interest rate of SOFR plus 8.5%. The loan is interest-only through 2025, with quarterly principal payments of $175,000 beginning in January 2026, increasing to $350,000 per quarter in 2027 and beyond. A $2.5M delayed draw facility and $2.5M uncommitted term loan incremental facility are also available to the Company.