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Neuronetics ties loan changes to at least $15M prepayment

The amendment's covenant changes depend on conditions that include a minimum $15 million prepayment, with the conditions due by November 30, 2026.

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Form Type
8-K

Rhea-AI Filing Summary

Neuronetics, Inc. entered into Amendment No. 6 to its July 25, 2024 credit agreement with Perceptive Credit Holdings IV, LP, which serves as administrative agent and majority lender. The amendment modifies certain revenue covenants, subject to conditions that include an optional prepayment of no less than $15,000,000, accrued but unpaid interest, the applicable early prepayment fee and amendment fee, and the lender parties’ other costs and expenses.

If the conditions are not satisfied or waived by November 30, 2026, the amendment automatically terminates.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Minimum optional prepayment $15,000,000 One of the conditions to the revenue covenant changes
Condition deadline November 30, 2026 Conditions must be satisfied or waived by this date
Underlying credit agreement date July 25, 2024 Date the company entered into the existing credit agreement
revenue covenants financial
"modify certain revenue covenants"
Revenue covenants are rules in loan or bond contracts that require a company to produce a minimum level of income or keep revenue within specified ranges over a set period. They matter to investors because missing those income targets can trigger penalties—higher interest, forced repayment, or limits on dividends and spending—like a speed limit that, if broken, leads to fines and restrictions that can weaken a company’s value and financial flexibility.
optional prepayment financial
"an optional prepayment in an amount equal to no less than $15,000,000"
early prepayment fee financial
"the applicable early prepayment fee"
administrative agent financial
"as administrative agent for the lender parties"
An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.
amendment fee financial
"the applicable amendment fee"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does Neuronetics' credit amendment terminate?

The amendment automatically terminates if its conditions are not satisfied or waived by November 30, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false 0001227636 0001227636 2026-11-05 2026-11-05
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 5, 2026

 

 

NEURONETICS, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-38546   33-1051425

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

3222 Phoenixville Pike, Malvern, PA   19355
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (877) 600-7555

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol

 

Name of each exchange
on which registered

Common Stock, $0.01 par value   STIM   The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 1.01.

Entry into a Material Definitive Agreement.

As previously disclosed, on July 25, 2024, Neuronetics, Inc. (the “Company”) entered into a Credit Agreement and Guaranty (as amended, the “Existing Credit Agreement”) with Perceptive Credit Holdings IV, LP (“Perceptive”), as administrative agent and a lender, and the other lenders party thereto. On November 5, 2026, the Company entered into Amendment No. 6 to Credit Agreement and Guaranty by and between the Company, as borrower, and Perceptive, in its capacities as administrative agent for the lender parties thereto and majority lender (the “Perceptive Sixth Amendment”). The Perceptive Sixth Amendment amends the Existing Credit Agreement to, among other things, modify certain revenue covenants, subject to the satisfaction of certain conditions, including, among other things, an optional prepayment in an amount equal to no less than $15,000,000, together with all accrued but unpaid interest and the applicable early prepayment fee, plus the applicable amendment fee and the lender parties’ other costs and expenses. If such conditions are not satisfied or waived on or before November 30, 2026, the Perceptive Sixth Amendment will automatically terminate.

The foregoing summary of the Perceptive Sixth Amendment does not purport to be complete and is qualified in its entirety by reference to the Perceptive Sixth Amendment, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

 

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit

Number

   Description
10.1◊    Amendment No. 6 to Credit Agreement and Guaranty, dated November 5, 2026
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

◊ Portions of this exhibit (indicated by asterisks) have been omitted pursuant to a request for confidential treatment. The Company will furnish copies of any such information to the Securities and Exchange Commission upon request.

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    NEURONETICS, INC.
Date: November 10, 2026     By:  

/s/ Nir Naor

    Name:   Nir Naor
    Title:   Executive Vice President, Chief Financial Officer, Corporate Secretary, and Treasurer

Filing Exhibits & Attachments

4 documents

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