Team, Inc. Announces Amendment and Maturity Extension of Its ABL Credit Facility [Yahoo! Finance]
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: Yahoo! Finance
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 August 11, 2025, to September 30, 2027, and lowers the interest
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News
- 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