Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TEAM INC amended credit facility of $57.5 million senior secured first lien term loan with Cantor Fitzgerald Securities at 12%, in cash maturing December 31, 2026.
- Instrument
- credit facility
- Principal
- $57.5 million senior secured first lien term loan
- Counterparty
- Cantor Fitzgerald Securities
- Rate
- 12%, in cash
- Maturity
- December 31, 2026
- Event
- amendment
Exact text from the filing
Available funding commitments to the Company under the A&R Term Loan Credit Agreement, subject to certain conditions, include a $57.5 million senior secured first lien term loan (the “Incremental Term Loan”) provided by Corre Partners Management, LLC (“Corre” or the “Investor Representative”) and certain of its affiliates, consisting of a $37.5 million term loan tranche and a $20.0 million delayed draw term loan tranche.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TEAM INC amended credit facility of $123,129,318.84 at 12%, paid-in-kind maturing December 31, 2027.
- Instrument
- credit facility
- Principal
- $123,129,318.84
- Rate
- 12%, paid-in-kind
- Maturity
- December 31, 2027
- Event
- amendment
Exact text from the filing
As of the closing date of the A&R Term Loan Credit Agreement (the “Closing Date”), the aggregate principal amount of the Uptiered Loan is $123,129,318.84.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TEAM INC amended A&R Term Loan Credit Agreement with Corre Partners Management, LLC (effective 2023-06-16).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Corre Partners Management, LLC
- Effective
- 2023-06-16
Exact text from the filing
On June 16, 2023, Team, Inc. (the “Company”), entered into an amendment and restatement of that certain subordinated term loan credit agreement dated as of November 9, 2021 (as amended and restated, the “A&R Term Loan Credit Agreement”) among the Company, as borrower, the guarantors party thereto, the lenders from time to time party thereto and Cantor Fitzgerald Securities, as agent (the “A&R Term Loan Agent”).
View on SEC.gov