Mon 12/05/2022 15:54 PM
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...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2023 Reorg Research, Inc. All rights reserved.