Company: TISI
Filing Date: 2025-03-13
Form Type: 8-K
Source: 0001193125-25-053470
Chunk: 0

Company: TEAM INC
Filing Date: 2025-03-13
Form: 8-K
Item: Item 2.03
Chunk 0
---
Item 2.03      Creation of a Direct Financial Obligation or an Obligation Under an Off-balance Sheet Arrangement of a Registrant.  

The information set forth in Item 1.01 of this Current Report on Form8-Kis incorporated herein by reference.

  Item 7.01      Regulation FD Disclosure.  

On March 13, 2025, the Company issued a press release announcing that it had entered into the First Lien Term Loan Agreement, the Second A& R Second Lien Term Loan Agreement and ABL Amendment No. 6. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-Kand is incorporated by reference herein.

As provided in General Instruction B.2 of Form 8-K, the information in this Item 7.01 and Exhibit 99.1 furnished hereunder shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act”), nor shall they be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

  Item 9.01      Financial Statements and Exhibits  

(d)  Exhibits.

  Exhibit number      Description                                                                                                                                                                                           
  10.1*               First Lien Term Loan Credit Agreement, dated as of March 12, 2025, by and among Team, Inc., as Borrower, the lenders party thereto, the guarantors party thereto and HPS Investment Partners, LLC...  
  10.2*               Second Amended and Restated Second Lien Term Loan Credit Agreement, dated as of March 12, 2025, by and among Team, Inc., as Borrower, the lenders party thereto, the guarantors party thereto and...  
  10.3*               Amendment No. 6 to Credit Agreement, dated as of March 12, 2025, among Team, Inc., as Borrower, the lenders from time to time party thereto, the guarantors party thereto and Eclipse Business Ca...  
  99.1                Team, Inc.’s Press Release issued March 13, 2025.                                                                                                                                                     
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────