secwatch / observer
8-K filed May 7, 2025, 7:59 PM ET ticker TTEK CIK 0000831641
earnings confidence high sentiment positive materiality 0.80

TETRA TECH INC (TTEK): debt financing — Tetra Tech Q2 FY25 record rev $1.322B, adj EPS $0.33 (+18% YoY); raises FY25 EPS guidance

TETRA TECH INC

2025-Q2 EPS reported $0.02 vs consensus $0.39 ▼ miss (-94.8%)

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TETRA TECH INC incurred credit facility of $600 million revolving credit facility with Bank of America, N.A., as administrative agent at daily secured overnight financing rate ("SOFR") or term SOFR rate plus a margin maturing May 3, 2030.

Instrument
credit facility
Principal
$600 million revolving credit facility
Counterparty
Bank of America, N.A., as administrative agent
Rate
daily secured overnight financing rate ("SOFR") or term SOFR rate plus a margin
Maturity
May 3, 2030
Event
incurrence
Exact text from the filing
The Credit Agreement provides for (a) a fully funded $250 million senior secured term loan facility (the "5-Year Term Loan Facility"), (b) a $600 million revolving credit facility (the "Revolving Credit Facility"), of which up to $20,000,000 is available as swingline loans and up to $100,000,000 as letters of credit and (c) a fully funded $250 million senior secured term loan facility (the "3-Year Term Loan Facility"
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TETRA TECH INC incurred credit facility of $250 million senior secured term loan facility with Bank of America, N.A., as administrative agent at an adjusted SOFR rate plus a margin that ranges from 0.875% to 1.625% per annum, maturing May 5, 2028.

Instrument
credit facility
Principal
$250 million senior secured term loan facility
Counterparty
Bank of America, N.A., as administrative agent
Rate
an adjusted SOFR rate plus a margin that ranges from 0.875% to 1.625% per annum,
Maturity
May 5, 2028
Event
incurrence
Exact text from the filing
On May 5, 2025, Tetra Tech, Inc. (the "Company") entered a Fourth Amended and Restated Credit Agreement, among the Company, Tetra Tech Canada Holding Corporation, Tetra Tech UK Holdings Limited, Tetra Tech Australia Group Holdings Pty Ltd, Bank of America, N.A., as administrative agent (the "Administrative Agent") and the lenders party thereto (the "Credit Agreement"). The Credit Agreement provides for (a) a fully funded $250 million senior secured term loan facility (the "5-Year Term Loan Facility"), (b) a $600 million revolving credit facility (the "Revolving Credit Facility"), of which up to $20,000,000 is available as swingline loans and up to $100,000,000 as letters of credit and (c) a fully funded $250 million senior secured term loan facility (the "3-Year Term Loan Facility" together with the 5-Year Term Loan Facility, the "Term Loan Facilities")
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TETRA TECH INC incurred credit facility of $250 million senior secured term loan facility with Bank of America, N.A., as administrative agent at daily secured overnight financing rate ("SOFR") or term SOFR rate plus a margin maturing May 3, 2030.

Instrument
credit facility
Principal
$250 million senior secured term loan facility
Counterparty
Bank of America, N.A., as administrative agent
Rate
daily secured overnight financing rate ("SOFR") or term SOFR rate plus a margin
Maturity
May 3, 2030
Event
incurrence
Exact text from the filing
On May 5, 2025, Tetra Tech, Inc. (the "Company") entered a Fourth Amended and Restated Credit Agreement, among the Company, Tetra Tech Canada Holding Corporation, Tetra Tech UK Holdings Limited, Tetra Tech Australia Group Holdings Pty Ltd, Bank of America, N.A., as administrative agent (the "Administrative Agent") and the lenders party thereto (the "Credit Agreement"). The Credit Agreement provides for (a) a fully funded $250 million senior secured term loan facility (the "5-Year Term Loan Facility"), (b) a $600 million revolving credit facility (the "Revolving Credit Facility"), of which up to $20,000,000 is available as swingline loans and up to $100,000,000 as letters of credit and (c) a fully funded $250 million senior secured term loan facility (the "3-Year Term Loan Facility" together with the 5-Year Term Loan Facility, the "Term Loan Facilities")
View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

TETRA TECH INC filing history →

Source: SEC EDGAR
accession 0001104659-25-045597
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