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Team, Inc. (NYSE: TISI), a global leading provider of integrated, digitally enabled asset performance assurance and optimization solutions, has entered into a $50 million delayed draw subordinated term loan facility led by Corre Management Partners, LLC. TEAM also entered into an amendment of its senior secured term loan facility led by Atlantic Park Strategic Capital Fund, L.P. to waive the financial covenants until Sept. 30, 2022, and a subordination agreement with Citibank, N.A., TEAM's lender and agent under its current senior secured ABL credit agreement, dated Dec. 18, 2020 (as amended).

Citibank was advised in this matter by Goldberg Kohn attorneys Danielle Juhle, William Starshak, Richard Kohn and Ruth Simons (Neuman). For more about this engagement, please read this article at or this article at ABF Journal