Teamshares Retires Legacy Credit Facility with Term Loan Maturing 4Q 2030
Teamshares repaid its $150 million legacy credit facility in full with a new $130 million four-year term loan from Sound Point Capital affiliates maturing in 4Q 2030, funded partly with cash on hand. The new loan carries a 9.5% floating spread above SOFR — a 1.5-point absolute (14% relative) improvement — cutting annual interest expense by about $5 million; an early $17 million mezzanine repayment adds another $3 million in savings.
Key figures
- Deal Value Usd
- 130000000
- Ttm revenue
- $500 million+
- Rate reduction
- 1.5% absolute / 14% relative improvement
- Term loan rate
- 9.5% floating-rate spread above SOFR
- Term loan maturity
- 4Q 2030
- Legacy facility repaid
- 150000000
- Annual interest savings
- $5 million
- Mezzanine early repayment
- 17000000
- Additional interest savings
- $3 million
- Ebbitda acquisition plan 2026
- $40 million
- Pro forma adjusted ebitda forecast 2027
- $100 million
AI analysis
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