Eclipse and Corre Provide $165MM Credit Facility and Delayed Draw Term Loan to Team

Team completed a series of related transactions consisting of a $130 million revolving credit facility provided by Eclipse Business Capital and a $35 million delayed draw term loan facility provided and managed by Corre Partners Management.

February 14, 2022 Amerino Gatti | Atlantic Park Strategic Capital Fund | Citibank | Corre Partners | Eclipse Business Capital | Team Ian Koplin

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.

November 10, 2021 Alvarez & Marsal | Amerino Gatti | Atlantic Park | Citibank | Corre Partners | Davis Polk & Wardwell | Goldberg Kohn | Jefferies | Kirkland & Ellis | Team | Willkie Farr & Gallagher Ian Koplin

Atlantic Park and Citibank Provide Combined $400MM in Loans for TEAM

Atlantic Park Capital Fund provided a $250 million senior secured term loan and Citibank provided a $150 million asset-based loan to TEAM, a provider of integrated, digitally-enabled performance solutions, to refinance the company’s existing debt facilities.

December 21, 2020 Amerino Gatti | Atlantic Park Capital Fund | Citibank | Evercore | Team Phil Neuffer

BofAML Downsizes Team Facility to $275MM

Team amended its credit facility, extending the maturity date to July 7, 2021 and reducing the borrowing capacity from $300 million to $275 million.

September 9, 2019 Bank of America Merrill Lynch | Cigibank | Team nadine

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.

March 12, 2018 Bank of America | Team Amanda Koprowski