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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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.'s (NYSE:TISI) market cap surged US$34m last week, retail investors who have a lot riding on the company were rewarded [Yahoo! Finance]Yahoo! Finance
- Team, Inc. Announces Amendment and Maturity Extension of Its ABL Credit FacilityGlobeNewswire
- Baker Hughes Updates Leadership to Deliver on Growth Strategy [Yahoo! Finance]Yahoo! Finance
- Team (TISI) Earnings Increase Y/Y in Q2, Revenues Decline [Yahoo! Finance]Yahoo! Finance
- Team, Inc. (NYSE: TISI) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
TISI
Sec Filings
- 10/1/24 - Form 8-K
- 8/8/24 - Form S-8
- 8/8/24 - Form 10-Q
- TISI's page on the SEC website