TIC Solutions Announces Debt Repricing

via Business Wire
ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

TIC Solutions, Inc. (NYSE: TIC) (the “Company” or “TIC Solutions”), a leading provider of tech-enabled asset integrity, engineering, and geospatial services, today announced that it has successfully completed the repricing of its approximately $1.6 billion First Lien Term Loan.

The First Lien Term Loan was repriced at SOFR + 250 basis points, representing a 25 basis point reduction in the applicable margin. The term loan maturity date of July 30, 2031, and all other material provisions under the credit agreement remain unchanged.

Kristin Schultes, Chief Financial Officer, commented, “The successful repricing of our term loan reflects solid market demand and lender confidence in TIC Solutions. This repricing is expected to reduce annual cash interest expense by approximately $4 million and enhances our financial flexibility.”

About TIC Solutions:

TIC Solutions is a leading provider of tech-enabled asset integrity, engineering, and geospatial services. The Company delivers mission-critical services that support the safety, reliability, and efficiency of industrial assets, buildings, and public infrastructure. Operating across North America and select international markets, TIC Solutions serves private- and public-sector clients across industrial, infrastructure, energy, utilities, construction, and commercial real estate end markets, and federal, state, and local agencies, with exposure to data centers and other high-growth industries.

TIC Solutions supports clients across the full asset lifecycle, from planning and design to commissioning and compliance, through three reportable segments: Inspection and Mitigation; Consulting Engineering; and Geospatial, providing asset integrity services, engineering and advisory solutions, and data-driven asset intelligence capabilities. The Company’s services are frequently compliance-driven and typically recurring in nature, delivered by more than 12,000 professionals across over 250 locations.

For more information, please visit www.ticsolutions.com.

Forward-Looking Statements:

Certain statements in this press release are “forward-looking” statements based on assumptions currently believed to be valid. Forward-looking statements are all statements other than statements of historical facts. The words “anticipate,” “believe,” “expect,” “intend,” “estimate,” “project,” “forecast,” “predict,” “outlook,” “aim,” “will,” “could,” “should,” “would,” “potential,” “may,” “might,” “likely,” “plan,” “positioned,” “strategy,” and similar expressions are intended to identify forward-looking statements.

Specific forward-looking statements in this press release include, among others, statements regarding the expected impact of the repricing of the Company’s First Lien Term Loan, including the anticipated reduction in annual cash interest expense and enhanced financial flexibility.

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. For a detailed discussion of cautionary statements and risks that may affect the Company’s future results of operations and financial results, please refer to the Company’s filings with the SEC, including the risk factors in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 12, 2026, and the Company’s subsequent filings with the SEC. Forward-looking statements speak only as of the date they are made, and except as required by applicable law, TIC Solutions undertakes no obligation to update or revise any forward-looking statements.

Contacts

Investor Relations Contacts:

Andrew Shen
Director of Investor Relations
Email: IR@tics.com

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article