secwatch.observer — SEC 8-K summary
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Issuer:     Neuronetics, Inc. (STIM)
CIK:        0001227636
Form:       8-K
Filed at:   2023-04-04T23:59:59+00:00
Accession:  0001193125-23-090435
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1227636/000119312523090435/0001193125-23-090435-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1227636/000119312523090435/d482212d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-090435

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