---
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"
generated_at: "2026-05-24T21:42:32.020607+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Team, Inc. closes $225M refinancing; lowers cost of capital, extends maturities to 2030

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-053470
- JSON: https://secwatch.observer/filing/0001193125-25-053470.json
- Plain text: https://secwatch.observer/filing/0001193125-25-053470.txt

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