Synergy CHC Corp. Reports Loan Default Notice; ~$17.6M Outstanding

What Happened

• Synergy CHC Corp. filed an 8-K reporting that ACP Agency, LLC (as administrative and collateral agent) delivered a Default Notice under the Company’s Term Loan Credit Agreement (dated May 30, 2025).
• ACP asserted an Event of Default due to Synergy’s failure to make the interest payment due on August 3, 2026, after the cure period expired on August 6, 2026, and stated the forbearance period under the Forbearance Agreement (dated May 28, 2026) terminated on August 6, 2026.

Key Details

• Outstanding principal: approximately $17.6 million (excluding accrued interest, fees and expenses).
• Forbearance fee claimed: $404,173.06 due and payable.
• Relevant dates: interest payment due August 3, 2026; cure period and forbearance termination August 6, 2026.
• Lender rights reserved: ACP reserved rights to charge post-default interest rates, accelerate obligations, and exercise other remedies under the loan documents.

Why It Matters

• This filing notifies investors that Synergy CHC is facing a lender-declared default on its term loan, which can increase cash costs (higher interest, fees) and enable the lender to accelerate repayment or take other enforcement actions. The company still carries material outstanding debt (~$17.6M principal) that could affect liquidity and financial flexibility. Investors should watch for further filings or disclosures about the company’s response, any lender negotiations, repayment plans, or potential impacts on operations and financial statements.