Team (TISI) Announces $50M Financing Agreement
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Team, Inc. Announces New Financing Agreement
November 9, 2021 8:00 AM ESTSUGAR LAND, Texas, Nov. 9, 2021 /PRNewswire/ --Â Team, Inc. ("TEAM") (NYSE: TISI), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today announced that it has entered into a $50 million delayed draw subordinated term loan facility (the "subordinated term loan") led by Corre Management Partners, LLC ("Corre Partners"). TEAM also announced that it has entered into an amendment of its Senior Secured Term Loan facility led by Atlantic Park Strategic Capital Fund, L.P. ("Atlantic Park") to waive the financial covenants until September 30, 2022 and a subordination... More
