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Starco Brands, Inc. Secures Bridge Term Loan
STCB
Debt Issuance
New Projects/Investments
- Starco Brands, Inc. (STCB) entered into a Bridge Term Loan Promissory Note on December 22, 2025, with The Starco Group, Inc., a company whose sole shareholder is Starco's CEO, Ross Sklar.
- The loan provides for a principal amount of up to $5,000,000, with an initial disbursement of $4,500,000.
- The proceeds from the Bridge Loan will be used to pay off or down certain indebtedness, including the Gibraltar Loan, and to expand access to working capital.
- Interest on the unpaid principal balance will accrue daily at the lesser of the Highest Lawful Rate or the Prime Rate (not less than 6.00% per annum) plus an Applicable Margin of 4.25% per annum, with monthly interest payments commencing January 1, 2026.
- Principal payments will begin January 1, 2027, following a structured schedule, and the loan will mature on the five-year anniversary of the Promissory Note date, unless accelerated or satisfied earlier.
Dec 23, 2025, 10:21 PM
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