Teamshares Refinances $150M Facility, Expects About $8M in Annual Interest Savings
Teamshares repaid a $150 million facility with a new $130 million term loan priced at SOFR+9.5% and cash, and began repaying $17 million of mezzanine debt. It expects about $5 million in annual interest savings from the loan and about $3 million from the mezzanine repayment at current SOFR.