Neuronetics shares rise 10.80% intraday after amending credit agreement to adjust subsidiary obligations.

Neuronetics surged 10.80% intraday after announcing amendments to its credit agreement with Perceptive Credit. The company revised subsidiary obligations under its 2024 financing facility, including adjustments to when subsidiaries must join as obligors. The changes, outlined in Amendment No. 4, updated requirements for subsidiary participation in the existing credit facility. Investors interpreted the revisions as reducing short-term financial constraints, likely boosting confidence in operational flexibility.