secwatch.observer — SEC 8-K summary
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Issuer:     TETRA TECHNOLOGIES INC (TTI)
CIK:        0000844965
Form:       8-K
Filed at:   2021-08-02T23:59:59+00:00
Accession:  0001564590-21-039829
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844965/000156459021039829/0001564590-21-039829-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844965/000156459021039829/tti-8k_20210730.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-039829

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer