TETRA amends credit agreements: extends ABL maturity to 2025, adds $15M UK subfacility, prepays $8.1M term loans

TETRA TECHNOLOGIES INC

ABL maturity extended from Sep 2023 to May 2025; US revolver commitments cut from $100M to $80M.
New $15M subfacility for UK subsidiary TETRA Technologies U.K. Ltd.; borrowing base increased ~$9.4M.
Applicable margin on ABL loans increased by 0.25%; accordion feature retained up to $20M.
Term loan amended to permit ABL amendments; TETRA prepaid $8.157M of term loans due spring 2022.
Both agreements add LIBOR fallback language and update GSO references to Blackstone.

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