Team, Inc.

NYSE:TISI   3:59:56 PM EDT
8.20
-0.31 (-3.64%)
Debt Financing / Related

Team Announces Refinancing Of New Capital Structure

Published: 12/18/2020 17:34 GMT
Team, Inc. (TISI) - Team, Inc. Announces Refinancing of New Capital Structure.
Team Inc - Enters Into a New $250 Million Senior Secured Term Loan Through 2026 Led by Atlantic Park.
Team Inc - Enters Into a New $150 Million Senior Secured Abl Credit Facility Through 2024 Led by Citibank, Nateam Inc - Finalized Agreements to Repurchase Approximately $137 Million of Convertible Senior Notes.
Team Inc - Will Retire Existing Senior Secured Credit Facility, Eliminating Several Maintenance Covenants.