Mon 12/05/2022 15:54 PM
Relevant Items:
Team Inc. Covenants Tear Sheet, Debt Documents SummariesTeam Inc. Debt Documents
On Nov. 1, Team Inc. closed the previously
reported sale of its Quest Integrity business, which constitutes its advanced inspection and engineering operations and reliability management business segment, to Baker Hughes for $279 million in cash. Proceeds were used to pay down $238.2 million of the company’s secured term loan to $35.6 million, and the company amended its debt documents to permit...
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