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Acuren Corporation Completes Repricing of $773 Million Term Loan
Jan 16, 2025•over 1 year ago
Contract Type
agreement
Tomball
Description
Acuren Corporation has successfully completed the repricing of its $773 million term loan, resulting in a reduction of the applicable margin and an expected annual cash interest expense reduction of approximately $5.8 million. The company's Chief Financial Officer, Kristin Schultes, expressed the positive impact of the repricing on the company's financial position and flexibility.
Company Information
Company
Acuren Corporation
Location
Tomball, Texas, United States
About
Acuren is a leading provider of critical asset integrity services operating primarily in North America, serving a broad range of industrial markets. The company focuses on recurring maintenance needs and offers essential and often compliance-mandated services. It operates in the Testing, Inspection and Certification (TIC) category, including Nondestructive Testing (NDT).
Predictive Intelligence
Strategic
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Tomball