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Goldberg Kohn advises Citibank related to $50M financing for Team, Inc.

November 9, 2021

Team, Inc. (NYSE: TISI), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, announced recently that it 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 September 30, 2022 and a subordination agreement with Citibank, N.A., TEAM's lender and agent under its current senior secured ABL credit agreement, dated December 18, 2020 (as amended).

Citibank was advised in this matter by GK attorneys Danielle Juhle, William Starshak, Richard Kohn, and Ruth Neuman. To read more about this engagement, please read this article at StreetInsider.com or this article at ABF Journal

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