{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-053470","form_type":"8-K","ticker":"TISI","cik":"0000318833","company_name":"TEAM INC","filed_at":"2025-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.952119+00:00","generated_at":"2026-05-24T21:42:32.020607+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, Inc. closes $225M refinancing; lowers cost of capital, extends maturities to 2030","bullets":["Closed $175M first lien term loan (SOFR + 6.0-7.0%) and $50M delayed draw facility, both maturing March 2030.","Rolled over $97.4M into new second lien term loan (13.5% initial rate) maturing June 2030; blended rate improved >100 bps.","Proceeds repaid $35M ABL delayed draw, $22.3M equipment/real estate loans, $46.3M incremental term loan and $54.1M of existing term loan.","Existing ABL facility with Eclipse Business Capital continues; amended to permit the refinancing.","CEO cites improved operating performance and cash flow as key to completing the transaction."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-053470","json":"https://secwatch.observer/filing/0001193125-25-053470.json","markdown":"https://secwatch.observer/filing/0001193125-25-053470.md","text":"https://secwatch.observer/filing/0001193125-25-053470.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/318833/000119312525053470/0001193125-25-053470-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/318833/000119312525053470/d935596d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T21:42:32.020607+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"}