Teamshares Inc (LOKV) Form 8-K — Oct 19, 2026
$LOKVForm 8-KItems 1.01, 1.02, 2.03, 3.03, 7.01, 9.01Filed Oct 19, 2026, 8:16 AM ET0002048951-26-000030Original filing
Teamshares Inc closed a $130.0 million senior secured term loan on October 16, 2026, provided by lenders with Sound Point Agency LLC as agent, bearing interest at one-month Term SOFR (3.00% floor) plus 9.50%, maturing four years after closing. Proceeds, together with cash on hand and released restricted cash, repaid in full and terminated the 2021 i80/Westmount facility, with an aggregate payoff of approximately $152.8 million — $150.0 million of principal (including capitalized PIK interest) plus $2.8 million of accrued interest.
Key figures
- Debt Amount
- 130000000
- Interest Rate
- one-month Term SOFR (3.00% floor) + 9.50% per annum
- Maturity Date
- 48-month anniversary of October 16, 2026 closing
- Existing commitments
- $150.0 million delayed-draw term loan
- Existing facility rate
- Term SOFR (3.00% floor) + 11.00%, cash interest capped at 16.00%
- Quarterly amortization
- $6.25M stepping to $10.0M per quarter through 2030
- Cross default threshold
- $5.0 million
- Existing facility payoff
- approximately $152.8 million ($150.0 million principal including capitalized PIK interest plus $2.8 million accrued interest)
- Permitted other debt cap
- $9,000,000
AI analysis
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