The latest update is out from Team ( (TISI) ).
On March 12, 2025, Team, Inc. announced the successful completion of a refinancing transaction that lowers its cost of capital and extends its debt maturities. The transaction includes a First Lien Term Loan Facility provided by HPS Investment Partners, LLC, and a Second Lien Term Loan from Corre Partners Management, LLC, both maturing in 2030. This financial restructuring is expected to improve Team’s financial flexibility, enabling the company to focus on growth and cost management initiatives, thereby creating long-term value for shareholders.
More about Team
Team, Inc., headquartered in Sugar Land, Texas, is a global leader in specialty industrial services. The company offers a comprehensive range of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, focusing on enhancing safety, reliability, and operational efficiency for critical assets across more than 20 countries.
YTD Price Performance: -5.04%
Average Trading Volume: 12,900
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $58.31M
Learn more about TISI stock on TipRanks’ Stock Analysis page.