Financing ·
Extends maturity on term and revolving loans to May 31, 2028 via amendments with affiliates
SLSNSolesence, Inc.
Solésence, Inc. entered into fourth amendments to its Term Loan Agreement, Amended and Restated Business Loan Agreement, and Revolving Loan Agreement with Strandler, LLC and Beachcorp, LLC, both affiliates of controlling shareholder Bradford T. Whitmore. The amendments extend the maturity date for each respective loan from April 30, 2027, to May 31, 2028. This refinancing provides additional time to repay debt obligations owed to related parties without altering other stated terms in this summary. Solésence, Inc. operates in the dietary supplement industry, manufacturing and distributing health products.