Neuronetics amends Perceptive credit pact, requiring $15M prepayment by Nov 30 to reset revenue covenants

Neuronetics, Inc.

Amendment No. 6 to the July 25, 2024 Credit Agreement with Perceptive Credit Holdings IV modifies certain revenue covenants, effective only if conditions are met.
Conditions include an optional prepayment of at least $15,000,000 principal plus accrued unpaid interest and the applicable Early Prepayment Fee.
Borrower must also pay Perceptive a non-refundable, fully-earned amendment fee of 1.00% of outstanding principal immediately after the $15M prepayment.
Early Prepayment Fee for paydowns after the third and on or before the fourth anniversary of the July 25, 2024 closing date is 3.50% of principal prepaid.
If conditions are not satisfied or waived by November 30, 2026, the amendment automatically terminates; CFO Nir Naor signed for Neuronetics.

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