05:45 PM EDT, 09/30/2024 (MT Newswires) -- Team (TISI) said late Monday it extended the maturity date of its existing asset-based lending credit facility through Sept. 30, 2027, from Aug. 11, 2025, among other changes.

The facility comprises a $130 million revolving credit facility and a $27.4 million term loan secured by certain real estate and machinery and equipment of the company, as well as a $35 million delayed draw term loan.

Team said the revolver's terms were amended to provide expanded availability based upon certain milestones.

The company shares were down 1.6% in after-hours activity.

Price: 15.00, Change: -0.25, Percent Change: -1.64