Team, Inc. Announces Refinancing Of New Capital Structure
Share this article SUGAR LAND, Texas, Dec. 18, 2020 /PRNewswire/ -- Enters into a New $250 Million Senior Secured Term Loan through 2026 led by Atlantic Park Enters into a New $150 Million Senior Secured ABL Credit Facility through 2024 led by Citibank, N.A. Finalized Agreements to Repurchase Approximately $137 Million of Convertible Senior Notes Will Retire Existing Senior Secured Credit Facility, Eliminating Several Maintenance Covenants Team, Inc. (NYSE: TISI) a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today anno...
Source: prnewswire.com