Teamshares Retires Legacy Credit Facility with Term Loan Maturing 4Q 2030
Globe Newswire•19/10/2026•07:00 ET
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Key Highlights
- ➤$130 million term loan replaces $150 million legacy credit facility
- ➤Term loan matures in 4Q 2030, removing a near-term maturity
- ➤9.5% SOFR spread lowers pricing 1.5% versus legacy facility
- ➤Annual interest expense expected to decrease approximately $5 million
- ➤$17 million mezzanine debt repayment expected to cut annual interest $3 million
Expert Statements
Michael Brown, CEO of Teamshares
“Going public has been a major catalyst for Teamshares: In the past 16 weeks, Teamshares has listed on the Nasdaq, signed LOIs towards our $40 million EBITDA acquisition plan for 2026, arranged funded acquisition financing with a recent preferred instrument, and removed a material short-term maturity. We now have the foundation to execute on our $100 million Pro Forma Adjusted EBITDA forecast for 2027 to grow cash flow and long-term shareholder value.”
Brian Gaebe, CFO of Teamshares
“We prioritized speed and certainty of execution to address a near-term maturity while maintaining our ability to fund acquisitions with debt financing that is expected to result in an attractive blended cost of capital. With this financing completed, we can take a more deliberate approach to pursue a more comprehensive financing process that capitalizes on interest from institutional lenders. This private credit financing is ultimately a bridge to the lower spreads we believe we’ll earn from increased scale, cash flow, creditworthiness, and eventually access to the public debt markets.”
NEW YORK, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Teamshares (Nasdaq:TMS, the “Company”), a tech-enabled acquiror of high-quality SMEs, announced it has repaid a $150 million legacy credit facility in full with a new $130 million, four-year term loan arranged by affiliates of Sound Point Capital (the “Term Loan”) and cash on hand.
The transaction is another step forward in the Company’s multi-stage financing strategy to improve capital access and cost in the public markets, enabling Teamshares to acquire great businesses from retiring owners at scale.
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