---
schema_version: "secwatch.filing_event.v1"
accession: "0000844965-24-000010"
form_type: "8-K"
ticker: "TTI"
cik: "0000844965"
company_name: "TETRA TECHNOLOGIES INC"
filed_at: "2024-01-18T23:59:59+00:00"
generated_at: "2026-06-06T22:19:13.671973+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TETRA enters $265M credit facility with Silver Point; $190M funded, $75M delayed draw, maturity Jan 2030

## Summary
- Term loan agreement: $190M funded at closing; $75M delayed draw available for bromine processing facility.
- Pricing: SOFR + 575 bps, 50 bps lower than prior term loan; maturity January 12, 2030.
- Proceeds used to repay $163M existing term loan (due Sep 2025) and add ~$15M cash, net of expenses.
- Existing liquidity estimated at $142M as of January 12, 2024; free cash flow expected to fund remaining project capital.
- Prepayment premiums: 3% within 1 year, 2% from 1-2 years, 1% from 2-3 years; 0% after 3 years.

## SEC filing metadata
- accession: 0000844965-24-000010
- form_type: 8-K
- ticker: TTI
- cik: 0000844965
- company_name: TETRA TECHNOLOGIES INC
- filed_at: 2024-01-18T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/844965/000084496524000010/0000844965-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/844965/000084496524000010/tti-20240112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000844965-24-000010
- JSON: https://secwatch.observer/filing/0000844965-24-000010.json
- Plain text: https://secwatch.observer/filing/0000844965-24-000010.txt

## Key facts
- Debt Financings
  TETRA TECHNOLOGIES INC incurred term loan of $190 million with Silver Point Finance, LLC at SOFR (adjusted to reflect any required bank reserves) for an interest period equ maturing January 12, 2030.
  - Instrument: term loan
  - Principal: $190 million
  - Counterparty: Silver Point Finance, LLC
  - Rate: SOFR (adjusted to reflect any required bank reserves) for an interest period equ
  - Maturity: January 12, 2030
  - Event: incurrence
  source text: The Term Loan Credit Agreement provides an initial term loan on the date of closing in the principal amount of $190 million (the “Initial Term Loan”) and the availability of delayed draw term loans, subject to the terms of the Term Loan Credit Agreement, up to an aggregate principal amount of $75 million (the “Delayed Draw Term Loans,” and together with the Initial Term Loan, the “Term Loan”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/844965/000084496524000010/0000844965-24-000010-index.htm
- Material Agreements
  TETRA TECHNOLOGIES INC entered into Fifth Amendment to ABL Credit Agreement with TETRA TECHNOLOGIES INC valued at Amendment to permit entry into Term Loan Credit Agreement (effective 2024-01-12).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: TETRA TECHNOLOGIES INC
  - Value: Amendment to permit entry into Term Loan Credit Agreement
  - Effective: 2024-01-12
  source text: On January 12, 2024, the Company entered into that certain Fifth Amendment to Credit Agreement (the “Fifth Amendment”) which amends the ABL Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/844965/000084496524000010/0000844965-24-000010-index.htm
- Material Agreements
  TETRA TECHNOLOGIES INC terminated Existing Credit Agreement (2018) with Wilmington Trust, National Association valued at Repaid all outstanding borrowings and terminated the agreement (effective 2024-01-12).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Wilmington Trust, National Association
  - Value: Repaid all outstanding borrowings and terminated the agreement
  - Effective: 2024-01-12
  source text: On January 12, 2024, in connection with the closing of the above-described loans, the Company repaid all outstanding borrowings and obligations under the Credit Agreement dated as of September 10, 2018 among the Company, the lenders from time to time party thereto, and Wilmington Trust, National Association, as administrative agent (the “Existing Credit Agreement”) with a portion of the net proceeds from the above-described loans, and terminated the Existing Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/844965/000084496524000010/0000844965-24-000010-index.htm
- Material Agreements
  TETRA TECHNOLOGIES INC entered into Term Loan Credit Agreement with Silver Point Finance, LLC valued at Initial term loan of $190 million and delayed draw term loans up to $75 million (effective 2024-01-12).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Silver Point Finance, LLC
  - Value: Initial term loan of $190 million and delayed draw term loans up to $75 million
  - Effective: 2024-01-12
  source text: On January 12, 2024, the Company, as borrower, entered into that certain Credit Agreement (the “Term Loan Credit Agreement”) with Silver Point Finance, LLC, as administrative agent, and the lenders party thereto (collectively, the “Term Lenders”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/844965/000084496524000010/0000844965-24-000010-index.htm

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