Neutron Holdings completes IPO, repays $115.0 million term loan, signs $200.0 million credit facility
Neutron Holdings completed its initial public offering on July 2, 2026, selling 6,679,791 shares at $25.00 for about $167 million in gross proceeds before underwriting discounts and expenses. It used part of the proceeds to repay in full a $115.0 million term loan and signed a new $200.0 million senior secured revolving credit facility with JPMorgan Chase Bank, N.A., which had no borrowings as of the filing. The new credit agreement restricts stock repurchases, dividends and other distributions, and requires the company to meet leverage and fixed charge coverage ratios.
Key points
- IPO closed July 2, 2026: 6,956,522 shares offered at $25.00 per share, of which 6,679,791 were sold by the company and 276,731 by selling stockholders.
- Company received about $167 million in gross proceeds from the IPO, before underwriting discounts and estimated offering expenses.
- $115.0 million Diameter Credit Agreement term loan repaid in full; its obligations terminated and related liens and guarantees released.
- $200.0 million senior secured revolver with JPMorgan Chase Bank, N.A. as administrative agent; undrawn at filing, matures July 2031, with a maximum total net leverage ratio of 3.25 to 1.00 and minimum fixed charge coverage of 1.25 to 1.00 s
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.