Team, Inc. Announces Refinancing Of New Capital Structure

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

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