Neutron Holdings established a new $200 million senior secured revolving credit facility on July 2, 2026, led by JPMorgan Chase Bank as administrative agent, to enhance post-IPO liquidity and flexibility. Concurrently, the company repaid in full and terminated its $115 million senior secured term loan from 2023, releasing all related liens and guarantees. The new facility, secured by substantially all assets, runs through July 2031 and offers base rate and Term SOFR borrowing options with pricing linked to leverage.
New agreement details:
- Agreement type: Senior secured revolving credit facility
- Counterparty: JPMorgan Chase Bank, as administrative agent, and other lenders
- Signed / Effective: Jul 02 2026 / same
- Duration / Termination: Through Jul 2031
- Reason: Enhance liquidity and flexibility post-IPO and refinance prior debt
Terminated agreement details:
- Agreement terminated: Senior secured term loan facility
- Counterparty: Alter Domus and Diameter Finance Administration
- Original agreement date: Oct 05 2023
- Termination date: Jul 02 2026
- Termination type: Early
- Exit fees / payments: None
- Reason: Repaid with IPO proceeds and replaced by new facility
Original SEC Filing:
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