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- Debt Default (new) — Lenders accelerated the term loan following events of default, declaring $18.9 million immediately due and payable.
Synergy CHC lenders accelerate $18.9M term loan, declaring all debt immediately due
Filed August 26, 2026 · Period ending August 25, 2026 · ~1 min read
Key Changes
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high
Lenders terminated all commitments and accelerated the full $18.9M term loan following previously disclosed defaults, making the entire balance immediately due and payable as of August 21, 2026.
Item 2.04 verify on EDGAR → -
high
The accelerated amount excludes additional interest, fees, costs and expenses that continue to accrue, meaning the total obligation is growing beyond the stated $18.9M.
Item 2.04 verify on EDGAR →
Summary
Synergy CHC's lenders have exercised their remedies following the defaults disclosed on August 11, 2026. The administrative agent, at the direction of required lenders, terminated all commitments under the credit agreement and accelerated the full outstanding balance, making approximately $18.9 million immediately due and payable as of August 21, 2026. This figure excludes ongoing interest, fees, and other costs that continue to accumulate.
The acceleration represents a critical escalation in the company's financial distress. With the full debt now callable, Synergy faces immediate liquidity pressure and must either negotiate a forbearance, secure alternative financing, or pursue restructuring options. The company's ability to continue operations depends on resolving this accelerated obligation, and shareholders should watch for any announcements regarding refinancing efforts, asset sales, or formal restructuring proceedings.
Section-by-Section Diff
Event · Item 2.04 — Triggering Events That Accelerate or Increase a Direct Financial Obligation
Item 2.04 — Triggering Events That Accelerate or Increase a Direct Financial Obligation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
all commitments under the Credit Agreement have been terminated and that all obligations outstanding under the Credit Agreement and the related loan documents have been accelerated and declared immediately due and payable
The administrative agent, at the direction of required lenders, terminated all commitments under the term loan credit agreement and accelerated all outstanding obligations, making them immediately due and payable. This follows events of default previously disclosed on August 11, 2026.
Added in current filing · verify on EDGAR →
as of August 21, 2026, approximately $18.9 million was immediately due and payable under the Credit Agreement and related loan documents, exclusive of additional interest, fees, costs and expenses that continue to accrue
As of August 21, 2026, approximately $18.9 million became immediately due and payable under the credit agreement, excluding additional interest, fees, costs and expenses that continue to accrue. This represents the total accelerated debt obligation.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 27, 2026 · How we verify