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- Debt Default (new) — Company failed to make required interest payment; cure period expired, triggering Event of Default under term loan.
Synergy CHC defaults on $17.6M term loan after missing interest payment
Filed August 11, 2026 · Period ending August 11, 2026 · ~1 min read
Key Changes
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Company failed to make interest payment due Aug 3; cure period expired Aug 6, triggering Event of Default under term loan credit agreement with $17.6M principal outstanding.
Item 2.04 verify on EDGAR → -
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Lender ACP Agency terminated prior forbearance agreement and asserted $404,173 forbearance fee now due on top of missed interest payment.
Item 2.04 verify on EDGAR → -
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Lender reserved all remedies including charging default interest rates, accelerating full debt amount, and exercising rights under loan documents.
Item 2.04 verify on EDGAR →
Summary
Synergy CHC disclosed it received a formal default notice from lender ACP Agency on August 11, 2026 after failing to make an interest payment due August 3. The three-day cure period expired August 6 without payment, triggering an Event of Default under the company's term loan credit agreement. Approximately $17.6 million in principal remains outstanding, exclusive of accrued interest, fees and expenses.
The default also terminated a prior forbearance agreement dated May 28, 2026, adding a $404,173 forbearance fee to the company's obligations. The lender has reserved all rights and remedies under the loan documents, including charging post-default interest rates, accelerating the full debt amount, and exercising other available remedies. The missed payment and terminated forbearance indicate acute liquidity stress. Investors should watch for any restructuring negotiations, additional defaults, or lender enforcement actions that could materially impair equity value.
Section-by-Section Diff
Event · Item 2.04 — Triggering Events That Accelerate or Increase a Direct Financial Obligation
Company received default notice for missed $17.6M term loan interest payment; lender may accelerate debt and exercise remedies.
Added in current filing · verify on EDGAR →
On August 11, 2026, Synergy CHC Corp. (the “Company”) received a notice of default (the “Default Notice”) from ACP Agency, LLC, as administrative agent and collateral agent (“ACP”), under the Company’s Term Loan Credit Agreement, dated as of May 30, 2025 (as amended, the “Credit Agreement”).
The company received a formal default notice from its lender ACP Agency on August 11, 2026 under its term loan credit agreement. This notice follows the company's failure to make a required interest payment.
Added in current filing · verify on EDGAR →
ACP asserted that an Event of Default occurred under the Credit Agreement as a result of the Company’s failure to make the interest payment due on August 3, 2026 following expiration of the applicable cure period on August 6, 2026.
The company failed to make an interest payment that was due on August 3, 2026. The applicable cure period expired on August 6, 2026 without payment, triggering an Event of Default under the credit agreement.
Added in current filing · verify on EDGAR →
As of the date of this Current Report on Form 8-K, approximately $17.6 million principal amount of borrowings remains outstanding under the Credit Agreement, exclusive of accrued interest, fees and expenses. ACP has reserved its rights and remedies under the Credit Agreement and related loan documents, including the right to charge interest at the post-default rate, accelerate the obligations and exercise other rights and remedies available thereunder.
Approximately $17.6 million in principal remains outstanding under the term loan, not including accrued interest, fees and expenses. The lender has reserved all rights including charging default interest rates, accelerating the full debt amount, and exercising other remedies under the loan documents.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 17, 2026 · How we verify