Team, Inc. Announces Amendment and Maturity Extension of Its ABL Credit Facility
Team, Inc. (TISI)
Last team, inc. earnings: 3/12 05:15 pm
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US:NYSE Investor Relations:
investor.teaminc.com
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Source: GlobeNewswire
Amendment Provides Additional Liquidity and Improved Pricing SUGAR LAND, Texas, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, announced today that it has executed an amendment to its existing ABL credit facility, which consists of a $130 million revolving credit facility (the “Revolver”) and a $27.4 million term loan secured by certain real estate and machinery and equipment of the Company (together with the Revolver, the “Eclipse Loans”) provided by Eclipse Business Capital LLC ( “Eclipse”), and a $35 million delayed draw term loan (the “DDTL”) provided by funds managed by J.F. Lehman & Company (“JFL”) and Corre Partners Management, LLC (“Corre”). Among other things, the amendment extends the maturity date of the Eclipse Loans and the DDTL from A
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- Team, Inc. (NYSE: TISI) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Team, Inc. (NYSE: TISI) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Team Reports Year-Over-Year Growth in Q3 Earnings and Revenues [Yahoo! Finance]Yahoo! Finance
- Team, Inc. Reports Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Team, Inc. Reports Third Quarter 2024 ResultsGlobeNewswire
TISI
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- TISI's page on the SEC website