Team, Inc. Announces Refinancing Transaction
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Team, Inc. has completed a refinancing transaction to lower its cost of capital and extend its capital structure. The transaction includes a First Lien Term Loan Facility from HPS Investment Partners, consisting of a $175 million Term Loan and a $50 million Delayed Draw Term Loan.
March 13, 2025 | 11:15 am
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Team, Inc. has successfully refinanced its debt, reducing its cost of capital and extending its capital structure with a new loan facility from HPS Investment Partners.
The refinancing transaction is likely to have a positive short-term impact on TISI's stock price as it reduces the company's cost of capital and extends its capital structure, which can improve financial stability and investor confidence.
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