Tag Archives: Team

Corre Management Partners Provides $50MM Subordinated Term Loan to TEAM

TEAM entered into a $50 million delayed draw subordinated term loan facility led by Corre Management Partners. TEAM also entered into an amendment to its senior secured term loan facility led by Atlantic Park Strategic Capital Fund.

BofA Amends Team Credit Facility

Houston-based Team amended its secured credit facility to eliminate the total leverage ratio covenant, raise the maximum senior secured leverage ratio covenant and reduce the minimum interest coverage ratio covenant for the facility’s remaining term. Bank of America served as administrative agent on the transaction.