{"schema_version":"secwatch.filing_event.v1","accession":"0000318833-24-000059","form_type":"8-K","ticker":"TISI","cik":"0000318833","company_name":"TEAM INC","filed_at":"2024-10-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.695525+00:00","generated_at":"2026-05-31T00:00:41.830457+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"TEAM extends ABL credit facility maturity to September 2027, improves pricing","bullets":["Extended maturity of ABL revolver ($130M), term loan ($27.4M) and DDTL ($35M) from Aug 2025 to Sep 2027.","Lowered interest margins: Revolver SOFR margin cut to 3.5%-4.25% (was 4.1%-4.6%); DDTL SOFR cut to 8.5%-10% (was flat 10%).","Expanded borrowing base via increased advance rates; $7.5M minimum availability springing covenant if FCCR falls below thresholds.","CEO says improved operations enabled better terms; ABL renewal is 'first step' toward further capital structure improvements."],"urls":{"canonical":"https://secwatch.observer/filing/0000318833-24-000059","json":"https://secwatch.observer/filing/0000318833-24-000059.json","markdown":"https://secwatch.observer/filing/0000318833-24-000059.md","text":"https://secwatch.observer/filing/0000318833-24-000059.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/318833/000031883324000059/0000318833-24-000059-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/318833/000031883324000059/tisi-20240930.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T00:00:41.830457+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"}