secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0000318833-23-000009
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000031883323000009/0000318833-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000031883323000009/tisi-20230329.htm
  HTML page:      https://secwatch.observer/filing/0000318833-23-000009

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