---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-249970"
form_type: "8-K"
ticker: "STIM"
cik: "0001227636"
company_name: "Neuronetics, Inc."
filed_at: "2023-10-03T23:59:59+00:00"
generated_at: "2026-06-10T05:16:23.423113+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Neuronetics draws remaining $22.5M from SLR credit facility, total $60M now drawn

## Summary
- Drew $22.5M Term C Loan on Oct 3, 2023; total facility $60M, maturity March 29, 2028.
- CEO says move strengthens balance sheet non-dilutively and removes need for equity raises.
- Company reiterates belief it can achieve cash flow break-even in Q4 2024 and full-year 2025.
- Amendment revises testing levels for net product revenue and minimum liquidity covenants.
- Facility with SLR Capital Partners (SLR Investment Corp.) secured in April 2023 amendment.

## SEC filing metadata
- accession: 0001193125-23-249970
- form_type: 8-K
- ticker: STIM
- cik: 0001227636
- company_name: Neuronetics, Inc.
- filed_at: 2023-10-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1227636/000119312523249970/0001193125-23-249970-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1227636/000119312523249970/d531517d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-249970
- JSON: https://secwatch.observer/filing/0001193125-23-249970.json
- Plain text: https://secwatch.observer/filing/0001193125-23-249970.txt

## Key facts
- Debt Financings
  Neuronetics, Inc. incurred term loan of $22.5 million with SLR Investment Corp..
  - Instrument: term loan
  - Principal: $22.5 million
  - Counterparty: SLR Investment Corp.
  - Event: incurrence
  source text: On October 3, 2023, the Company borrowed an aggregate amount of $22.5 million under the Term C Loan portion of the Solar Facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1227636/000119312523249970/0001193125-23-249970-index.htm
- Material Agreements
  Neuronetics, Inc. amended Fifth Amendment to Loan and Security Agreement with SLR Investment Corp. valued at $22.5 million (effective 2023-09-29).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: SLR Investment Corp.
  - Value: $22.5 million
  - Effective: 2023-09-29
  source text: On September 29, 2023, Neuronetics, Inc. (the “Company”) entered into that certain Fifth 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/1227636/000119312523249970/0001193125-23-249970-index.htm

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