secwatch.observer — SEC 8-K summary
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Issuer:     Neuronetics, Inc. (STIM)
CIK:        0001227636
Form:       8-K
Filed at:   2023-10-03T23:59:59+00:00
Accession:  0001193125-23-249970
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1227636/000119312523249970/0001193125-23-249970-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1227636/000119312523249970/d531517d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-249970

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