secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2022-11-22T23:59:59+00:00
Accession:  0000318833-22-000110
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Team, Inc. extends unsecured term loan maturity to Dec 2027 and draw period to Mar 2023
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- Maturity extended from Dec 31, 2026 to Dec 31, 2027 under Amendment No. 11.
- Availability period for Feb 2022 Delayed Draw Term Loan extended to Mar 31, 2023 (from Dec 31, 2022).
- New tranche created for exchange of 5.00% Convertible Senior Notes due 2023; aggregate principal unchanged.
- No increase in total outstanding amount under the Subordinated Term Loan.
- Loan remains subordinate to Senior Credit Agreement per existing Subordination Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000031883322000110/0000318833-22-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000031883322000110/formamendmentno11tounsecur.htm
  HTML page:      https://secwatch.observer/filing/0000318833-22-000110

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