Neuronetics, Inc. announced on September 29, 2023, the company entered into that certain Fifth Amendment to Loan and Security Agreement with SLR Investment Corp. (formerly known as Solar Capital Ltd.), as collateral agent, and the lenders listed on the signature pages thereto. The Amendment amends that certain Loan and Security Agreement, dated March 2, 2020 (as amended by that certain First Amendment to Loan and Security Agreement, dated as of April 20, 2020, that certain Second Amendment to Loan and Security Agreement, dated as of December 2, 2020, that certain Third Amendment to Loan and Security Agreement, dated as of February 15, 2022, that certain Fourth Amendment to Loan and Security Agreement, dated as of March 29, 2023 and as further amended, restated, supplemented or modified time to time prior to the Amendment, the Solar Facility), by and among the Company, Solar, as collateral agent, and the Lenders.

The Amendment permits the Company to draw on the $22.5 million Term C Loan portion of the Solar Facility, and revises the required testing levels of the net product revenue and minimum liquidity covenants for certain testing periods. On October 3, 2023, the Company borrowed an aggregate amount of $22.5 million under the Term C Loan portion of the Solar Facility.