{"schema_version":"secwatch.filing_event.v1","accession":"0000318833-22-000085","form_type":"8-K","ticker":"TISI","cik":"0000318833","company_name":"TEAM INC","filed_at":"2022-10-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.147309+00:00","generated_at":"2026-06-23T05:27:02.384327+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Team Inc. enters $21.4M LC facility and exchanges $57M convertible notes for term loans","bullets":["Substitute insurance LC facility with 1970 Group up to $21.4M; expected to free ~$17.6M in liquidity.","Exchanged ~$57M of 5.00% convertible senior notes (plus PIK interest) for term loans under Unsecured Term Loan.","Amendment No. 8 increases Unsecured Term Loan total to ~$112.7M; extends $10M delayed draw availability to Dec 31, 2022.","Remaining convertible notes outstanding ~$41.2M, paying 5.00% cash interest."],"urls":{"canonical":"https://secwatch.observer/filing/0000318833-22-000085","json":"https://secwatch.observer/filing/0000318833-22-000085.json","markdown":"https://secwatch.observer/filing/0000318833-22-000085.md","text":"https://secwatch.observer/filing/0000318833-22-000085.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/318833/000031883322000085/0000318833-22-000085-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/318833/000031883322000085/formprivatenoteexchangeand.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T05:27:02.384327+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}