Recent Updates — STCB

Pasadena Private Lending Inc. and Starco Brands, along with its subsidiaries, entered into an Omnibus First Amendment to their Loan Agreement effective September 29, 2026. The amendment lowers the Applicable Margin on existing Term Loans and Line of Credit from 5.5% to 4.25% per annum through maturity. Starco Brands operates in the consumer goods sector, manufacturing and distributing nutritional supplements and personal care products.

On July 15, 2026, Starco Brands, Inc. acquired Custom Foods, LLC (Custom Bakehouse) for $8 million in cash and up to $2.5 million in earn-out consideration based on 2027 net revenue metrics. The acquisition is expected to add approximately $20 million in annual revenue. To fund the transaction and working capital, the company entered into a loan agreement with Pasadena Private Lending Inc. for an $11 million initial term loan, a $3 million revolving line of credit, and an accordion feature for up to $4 million in additional loans. The loans are secured by substantially all personal property and guaranteed by CEO Ross Sklar. Additionally, a subordination agreement was executed regarding notes held by Mr. Sklar and The Starco Group, Inc. The company operates in the consumer products industry, focusing on the invention, acquisition, and manufacturing of behavior-changing brands.