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Neuronetics (STIM) has issued an announcement.
Neuronetics, Inc. secured a new $90 million credit facility with Perceptive Credit Holdings IV, LP, replacing its previous $60 million arrangement with SLR Investment Corp. The company immediately utilized $50 million from the first tranche and has options to draw additional funds based on specific financial milestones and lender consent. These loans carry a floating interest rate and are due in 2029, with prepayment penalties decreasing over time. The company’s assets, including intellectual property, back the loans, which come with customary covenants and defaults. Neuronetics also issued warrants to Perceptive as part of the transaction.
Find detailed analytics on STIM stock on TipRanks’ Stock Analysis page.
