debt
confidence high
sentiment neutral
materiality 0.25
Neuronetics enters Amendment No. 4 to Perceptive credit facility, modifying subsidiary guarantor requirements
Neuronetics, Inc.
- Amendment introduces 'Immaterial Subsidiary' definition: assets/revenue ≤ $5M each, aggregate ≤ $10M.
- Subsidiaries exceeding thresholds must become Guarantors with first-priority liens within 10 business days.
- Controlled account requirements modified to exclude accounts under $300K each, $1M aggregate.
- Borrower must cause specified subsidiaries to become Obligors by Jan 30, 2026, and deliver control agreements by Feb 13, 2026.
- No other amendments; existing credit agreement remains in full force.