Team, Inc. extends $10M subordinated loan draw period to Sept 30, 2023

TEAM INC

Amendment No. 12 extends the February 2022 Delayed Draw Availability Period from March 31, 2023 to September 30, 2023.
The facility allows borrowing up to $10.0 million in subordinated delayed draw term loans from lenders including Corre Credit Fund, LLC.
Cantor Fitzgerald Securities remains agent; no other material changes to the credit agreement were made.
The company reaffirmed all obligations under the loan documents and guarantees.

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