TIC Solutions amends credit agreement, cutting term loan rate by 25 basis points
On June 2, 2026, TIC Solutions and its subsidiaries signed a Third Amendment to their Credit Agreement with Jefferies Finance LLC as administrative agent. The amendment lowers the interest rate on the Amendment No. 3 Term Loans by 25 basis points and raises the letter of credit sublimit to $50.0 million, with principal repayments starting September 30, 2026.
Key points
- Amendment No. 3 Term Loans now bear interest at Term SOFR plus 2.50% or Base Rate plus 1.50%, at the Borrower's election
- Interest rate reduced by 25.0 basis points; letter of credit sublimit increased to $50.0 million
- Quarterly principal payments of 0.25% of the initial principal amount begin September 30, 2026
- All other material terms of the Credit Agreement remain unchanged
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 04, 2026.
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