Acuren Corporation Announces Debt Repricing
Acuren (OTCQX: TICA) has successfully completed the repricing of its $773 million term loan, reducing the applicable margin by 75 basis points to SOFR + 275. This refinancing is expected to result in annual cash interest savings of approximately $5.8 million. The term loan's maturity date of 2031 and other material provisions under the credit agreement remain unchanged.
According to CFO Kristin Schultes, the successful repricing demonstrates strong market demand and lender confidence in Acuren, while the reduced interest expense strengthens the company's financial position and flexibility to maximize shareholder value.
Acuren (OTCQX: TICA) ha completato con successo la revisione delle condizioni del suo prestito a termine di 773 milioni di dollari, riducendo il margine applicabile di 75 punti base a SOFR + 275. Questo rifinanziamento dovrebbe portare a un risparmio annuale sugli interessi in contante di circa 5,8 milioni di dollari. La data di scadenza del prestito rimane fissata per il 2031 e altre disposizioni materiali dell'accordo di credito rimangono inalterate.
Secondo il CFO Kristin Schultes, il successo della revisione dimostra la forte domanda del mercato e la fiducia dei finanziatori in Acuren, mentre la riduzione della spesa per interessi rafforza la posizione finanziaria dell'azienda e la flessibilità per massimizzare il valore per gli azionisti.
Acuren (OTCQX: TICA) ha completado con éxito la revisión de su préstamo a plazo de 773 millones de dólares, reduciendo el margen aplicable en 75 puntos básicos a SOFR + 275. Se espera que este refinanciamiento genere un ahorro anual en intereses en efectivo de aproximadamente 5,8 millones de dólares. La fecha de vencimiento del préstamo a plazo es 2031 y otras disposiciones materiales bajo el acuerdo de crédito permanecen sin cambios.
Según la CFO Kristin Schultes, el éxito de la reprogramación demuestra la fuerte demanda del mercado y la confianza de los prestamistas en Acuren, mientras que la reducción de los gastos por intereses fortalece la posición financiera de la empresa y su flexibilidad para maximizar el valor para los accionistas.
Acuren (OTCQX: TICA)는 7억 7,300만 달러 규모의 기간 대출 금리를 성공적으로 재조정하여 적용 마진을 75bp 낮추고 SOFR + 275로 조정했습니다. 이번 재융자는 연간 현금 이자 절감액이 약 580만 달러에 이를 것으로 예상됩니다. 대출의 만기일은 2031년이며, 신용 계약의 다른 중요한 조항은 변경되지 않습니다.
CFO Kristin Schultes에 따르면, 재조정의 성공은 Acuren에 대한 강력한 시장 수요와 대출자 신뢰를 보여주며, 이자 비용의 감소는 회사의 재정적 위치와 주주 가치를 극대화할 수 있는 유연성을 강화합니다.
Acuren (OTCQX: TICA) a réussi à finaliser la réévaluation de son prêt à terme de 773 millions de dollars, réduisant la marge applicable de 75 points de base à SOFR + 275. Ce refinancement devrait entraîner des économies annuelles d'intérêts en espèces d'environ 5,8 millions de dollars. La date d'échéance du prêt reste fixée à 2031 et d'autres dispositions matérielles de l'accord de crédit demeurent inchangées.
Selon la CFO Kristin Schultes, ce succès de la réévaluation démontre une forte demande du marché et la confiance des prêteurs envers Acuren, tandis que la réduction des dépenses d'intérêts renforce la situation financière de l'entreprise et sa flexibilité pour maximiser la valeur pour les actionnaires.
Acuren (OTCQX: TICA) hat erfolgreich die Neugestaltung seines 773 Millionen Dollar schweren Terminkredits abgeschlossen und den anwendbaren Margin um 75 Basispunkte auf SOFR + 275 gesenkt. Diese Refinanzierung wird voraussichtlich zu jährlichen Einsparungen bei den Bargeldzinsen von etwa 5,8 Millionen Dollar führen. Das Fälligkeitsdatum des Kredits bleibt 2031 und andere wesentliche Bestimmungen des Kreditvertrags bleiben unverändert.
Laut CFO Kristin Schultes zeigt der erfolgreiche Neuansatz eine starke Marktnachfrage und das Vertrauen der Kreditgeber in Acuren, während die gesenkten Zinsaufwendungen die finanzielle Lage des Unternehmens stärken und die Flexibilität erhöhen, um den Shareholder-Wert zu maximieren.
- Successful repricing of $773M term loan reducing interest costs by $5.8M annually
- 75 basis point reduction in loan margin demonstrates strong lender confidence
- Improved financial flexibility through reduced interest expense
- Substantial debt level of $773M remains on balance sheet
The term loan was repriced at SOFR + 275, representing a 75 basis point reduction of the applicable margin. This reduction is expected to reduce cash interest expense by approximately
Kristin Schultes, Chief Financial Officer, commented, “The successful repricing of our term loan reflects solid market demand and strong lender confidence in Acuren. Reducing our annual interest expense strengthens our financial position and flexibility and enhances our ability to maximize shareholder value.”
About Acuren:
Acuren is a leading provider of critical asset integrity services. The company operates primarily in
Forward-Looking Statements
In this press release the Company may discuss events or results that have not yet occurred or been realized, commonly referred to as forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on behalf of the Company. Such statements relate in this press release, without limitation, to statements, beliefs, projections and expectations about future events, including the Company’s expectations regarding its annual cash interest expense and its ability to maximize shareholder value. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements included in this press release speak only as of the date hereof and, except as required by applicable law, the Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or circumstances after the date of this press release
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Investor Relations Inquiries:
Dan Scott / Rodny Nacier, ICR Inc.
IR@acuren.com
Source: Acuren Corporation
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