Starco Brands, Inc. Enters into Bridge Term Loan Agreement

2025-12-23SEC Filing 8-K (0001493152-25-029106)

Starco Brands, Inc. has entered into a Bridge Term Loan Promissory Note with The Starco Group, Inc. for up to $5,000,000, with an initial disbursement of $4,500,000. The loan proceeds will be used to pay off existing indebtedness, including the Gibraltar Loan, and to increase working capital. The loan has an interest rate tied to the Prime Rate plus an Applicable Margin of 4.25%, with potential increases upon deferment of principal payments. Monthly interest payments begin January 1, 2026, and principal payments commence January 1, 2027. The loan matures five years from the agreement date, unless accelerated due to default. The agreement includes customary events of default, and allows for prepayments without penalty. Ross Sklar, CEO of Starco Brands, Inc., is the sole shareholder of The Starco Group, Inc.

Ticker mentioned:STCB