---
schema_version: "secwatch.filing_event.v1"
accession: "0000318833-23-000009"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T09:49:50.869941+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000318833-23-000009
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000031883323000009/0000318833-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000031883323000009/tisi-20230329.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318833-23-000009
- JSON: https://secwatch.observer/filing/0000318833-23-000009.json
- Plain text: https://secwatch.observer/filing/0000318833-23-000009.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.