---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-090435"
form_type: "8-K"
ticker: "STIM"
cik: "0001227636"
company_name: "Neuronetics, Inc."
filed_at: "2023-04-04T23:59:59+00:00"
generated_at: "2026-06-17T06:20:27.956874+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Neuronetics amends SLR credit facility to $60M, extends maturity to 2028; provides $6M note to Greenbrook

## Summary
- Borrowed $2.5M under Term B; total facility up to $60M ($35M Term A drawn earlier). Maturity extended to March 29, 2028 from Feb 2025.
- Interest rate: greater of 3.95% or Daily Simple SOFR + 5.65%; interest-only until March 1, 2026.
- Final payment fee of 4.95% of funded principal; prepayment fees of 3%/2%/1% based on timing.
- Issued $6M secured promissory note to Greenbrook converting ~$5.9M accounts payable; matures March 31, 2027 at SOFR + 7.65%.
- Security interest in Greenbrook's assets pari passu with senior lender; warrants at 20% discount upon default.

## SEC filing metadata
- accession: 0001193125-23-090435
- form_type: 8-K
- ticker: STIM
- cik: 0001227636
- company_name: Neuronetics, Inc.
- filed_at: 2023-04-04T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1227636/000119312523090435/0001193125-23-090435-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1227636/000119312523090435/d482212d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-090435
- JSON: https://secwatch.observer/filing/0001193125-23-090435.json
- Plain text: https://secwatch.observer/filing/0001193125-23-090435.txt

## Key facts
- Debt Financings
  Neuronetics, Inc. amended credit facility with SLR Investment Corp. at greater of (a) 3.95% or (b) Daily Simple SOFR for a term of one month, plus 5.65 maturing March 29, 2028.
  - Instrument: credit facility
  - Counterparty: SLR Investment Corp.
  - Rate: greater of (a) 3.95% or (b) Daily Simple SOFR for a term of one month, plus 5.65
  - Maturity: March 29, 2028
  - Event: amendment
  source text: On March 29, 2023, Neuronetics, Inc. (the “Company”) entered into that certain Fourth Amendment to Loan and Security Agreement (the “Amendment”) with SLR Investment Corp. (formerly known as Solar Capital Ltd.) (“Solar"), as collateral agent, and the lenders listed on the signature pages thereto (the “Lenders”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1227636/000119312523090435/0001193125-23-090435-index.htm
- Debt Financings
  Neuronetics, Inc. incurred loan of $6,000,000 with TMS Neurohealth Centers Inc. at Daily Simple SOFR plus 7.65% per annum maturing March 31, 2027.
  - Instrument: loan
  - Principal: $6,000,000
  - Counterparty: TMS Neurohealth Centers Inc.
  - Rate: Daily Simple SOFR plus 7.65% per annum
  - Maturity: March 31, 2027
  - Event: incurrence
  source text: On March 31, 2023, the Company entered into a Secured Promissory Note and Guaranty Agreement (the “Promissory Note”) with TMS Neurohealth Centers Inc. (the “Maker”) and Greenbrook TMS Inc. and its subsidiaries, excluding the Maker (the “Guarantors"), in the principal amount of $6,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1227636/000119312523090435/0001193125-23-090435-index.htm
- Debt Financings
  Neuronetics, Inc. incurred term loan of $2.5 million with SLR Investment Corp. at greater of (a) 3.95% or (b) Daily Simple SOFR for a term of one month, plus 5.65 maturing March 29, 2028.
  - Instrument: term loan
  - Principal: $2.5 million
  - Counterparty: SLR Investment Corp.
  - Rate: greater of (a) 3.95% or (b) Daily Simple SOFR for a term of one month, plus 5.65
  - Maturity: March 29, 2028
  - Event: incurrence
  source text: On March 29, 2023, the Company borrowed an aggregate amount of $2.5 million under the Term B Loan portion of the Solar Facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1227636/000119312523090435/0001193125-23-090435-index.htm
- Material Agreements
  Neuronetics, Inc. entered into Secured Promissory Note and Guaranty Agreement with TMS Neurohealth Centers Inc. valued at $6,000,000 (effective 2023-03-31).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: TMS Neurohealth Centers Inc.
  - Value: $6,000,000
  - Effective: 2023-03-31
  source text: On March 31, 2023, the Company entered into a Secured Promissory Note and Guaranty Agreement (the “Promissory Note”) with TMS Neurohealth Centers Inc. (the “Maker”) and Greenbrook TMS Inc. and its subsidiaries, excluding the Maker (the “Guarantors”), in the principal amount of $6,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1227636/000119312523090435/0001193125-23-090435-index.htm
- Material Agreements
  Neuronetics, Inc. amended Fourth Amendment to Loan and Security Agreement with SLR Investment Corp. valued at $60.0 million (effective 2023-03-29).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: SLR Investment Corp.
  - Value: $60.0 million
  - Effective: 2023-03-29
  source text: On March 29, 2023, Neuronetics, Inc. (the “Company”) entered into that certain Fourth Amendment to Loan and Security Agreement (the “Amendment”) with SLR Investment Corp. (formerly known as Solar Capital Ltd.) (“Solar”), as collateral agent, and the lenders listed on the signature pages thereto (the “Lenders”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1227636/000119312523090435/0001193125-23-090435-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.