secwatch.observer — SEC 8-K summary
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Issuer:     TETRA TECH INC (TTEK)
CIK:        0000831641
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0001104659-22-112095
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tetra Tech enters into $500M term loan facility to finance RPS Group acquisition; terminates bridge facility
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- New $500M senior secured RPS Acquisition Term Loan to finance RPS Group plc acquisition.
- Also maintains $500M revolving credit facility and $250M existing term loan; total facilities up to $1.25B.
- Prior bridge credit agreement (up to £714M + $350M) terminated and replaced.
- Financial covenants: max leverage 3.25x (can increase to 3.75x for acquisitions) and min interest coverage 3.00x.
- Dividend payments on common stock subject to compliance with financial covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/831641/000110465922112095/0001104659-22-112095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/831641/000110465922112095/tm2228964d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-112095

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