TIC Solutions, Inc. (TIC): debt financing — Acuren reduces interest rate on term loans via First Amendment to Credit Agreement

TIC Solutions, Inc.

Amendment lowers interest rate to Term SOFR+2.75% or Base Rate+1.75% per annum.
Principal payments begin March 31, 2025, in quarterly installments of 0.25% of initial principal.
Refinances existing term loans with Amendment No. 1 Term Loans, cashless roll for consenting lenders.
Jefferies Finance LLC serves as administrative agent and a refinancing term loan lender.
All other material terms of the Credit Agreement remain unchanged.

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

TIC Solutions, Inc. amended term loan with Jefferies Finance LLC, as administrative agent at Term SOFR plus 2.75% per annum or the Base Rate plus 1.75% per annum.

Instrument: term loan
Counterparty: Jefferies Finance LLC, as administrative agent
Rate: Term SOFR plus 2.75% per annum or the Base Rate plus 1.75% per annum
Event: amendment

Exact text from the filing

The Amendment amended the Credit Agreement to reduce the stated rate of interest of the Amendment No. 1 Term Loans and reflect other related amendments.

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Source: SEC EDGAR

accession 0001213900-25-008948

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