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TIC Solutions (TIC) cuts loan margin and lifts $50M L/C limit

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

TIC Solutions, Inc. amended its main credit agreement to adjust pricing and liquidity. The Third Amendment reduces the stated interest rate on the Amendment No. 3 Term Loans by 25 basis points and increases the Letter of Credit sublimit to $50.0 million.

These term loans now bear interest, at the borrowers’ election, at either Term SOFR plus 2.50% per year or the Base Rate plus 1.50% per year. Principal repayments on the amended term loans will begin on September 30, 2026 and continue quarterly, with each payment equal to 0.25% of the initial aggregate principal amount.

All other material terms of the credit agreement remain unchanged. The filing also notes that the company and its affiliates have existing commercial and advisory relationships with several of the participating lenders and their affiliates.

Positive

  • None.

Negative

  • None.
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Interest rate reduction 25.0 basis points Stated rate on Amendment No. 3 Term Loans
Letter of Credit Sublimit $50.0 million Increased sublimit under Credit Agreement
Term SOFR margin 2.50% per annum Interest option on Amendment No. 3 Term Loans
Base Rate margin 1.50% per annum Alternative interest option on Amendment No. 3 Term Loans
Principal amortization rate 0.25% per quarter Of initial aggregate principal, from September 30, 2026
Principal payment start date September 30, 2026 First quarterly installment on Amendment No. 3 Term Loans
material definitive agreement regulatory
"ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
Term SOFR financial
"The Amendment No. 3 Term Loans now bear interest, at the Borrower’s election, at either Term SOFR plus 2.50% per annum"
Term SOFR is a benchmark interest rate that reflects the cost of borrowing money over a specific period, based on actual transactions in the financial markets. It is used by lenders and borrowers to set the interest rates on loans and financial contracts, helping to ensure rates are fair and transparent. For investors, understanding term SOFR helps gauge borrowing costs and the overall direction of interest rates in the economy.
Base Rate financial
"or the Base Rate plus 1.50% per annum."
The base rate is the primary interest rate set by a central authority or used as a benchmark for pricing loans, savings and other financial products. Think of it as the anchor in a floating system: when the base rate moves, borrowing costs, corporate financing and consumer spending tend to shift too, which can change company profits and investor returns across the market.
Letter of Credit Sublimit financial
"increase the Letter of Credit Sublimit to $50.0 million."
Refinancing Term Loan Lenders financial
"the Refinancing Term Loan Lenders party thereto, the Revolving Credit Lenders party thereto"
Revolving Credit Lenders financial
"the Refinancing Term Loan Lenders party thereto, the Revolving Credit Lenders party thereto"
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Understanding 8-K Material Events →
FALSE000203296600020329662026-06-022026-06-02

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
June 2, 2026
Date of Report (date of earliest event reported)

TIC Solutions, Inc.
(Exact name of registrant as specified in its charter)

Delaware001-4252466-1076867
(State or other jurisdiction of
incorporation or organization)		(Commission File Number)(I.R.S. Employer
 Identification Number)
200 South Park Road, Suite 350
Hollywood, Florida 33021
(Address of principal executive offices and zip code)
(954) 495-2112
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading symbol
Name of each exchange on which registered
Common stock, par value $0.0001 per shareTICNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act.
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On June 2, 2026, TIC Solutions, Inc. (the “Company”) entered into the Third Amendment to Credit Agreement, by and among Acuren Delaware Holdco, Inc. (the “Initial Borrower”), a wholly-owned subsidiary of the Company, Acuren Holdings, Inc. (“Acuren” and together with the Initial Borrower, the “Borrowers”), a wholly-owned subsidiary of the Company, the other Loan Parties party thereto, the Refinancing Term Loan Lenders party thereto, the Revolving Credit Lenders party thereto, the L/C Issuers party thereto and Jefferies Finance LLC, as administrative agent (the “Administrative Agent”) and collateral agent for the lenders (the “Amendment”), which amended the Credit Agreement dated as of July 30, 2024, among the Borrowers, the Company, the other Guarantors party thereto, the lenders and L/C Issuers party thereto, and the Administrative Agent (as amended by that certain First Amendment to Credit Agreement dated as of January 31, 2025, by that certain Second Amendment to Credit Agreement dated as of August 4, 2025 and by the Amendment, the “Credit Agreement”). Capitalized terms used herein and not otherwise defined, have the meanings set forth in the Credit Agreement.

The Amendment amended the Credit Agreement to (i) reduce the stated rate of interest of the Amendment No. 3 Term Loans by 25.0 basis points and reflect other related amendments and (ii) increase the Letter of Credit Sublimit to $50.0 million. The Amendment No. 3 Term Loans now bear interest, at the Borrower’s election, at either Term SOFR plus 2.50% per annum or the Base Rate plus 1.50% per annum. Principal payments on the Amendment No. 3 Term Loans, as amended, will commence on September 30, 2026, and will be made in quarterly installments on the last day of each fiscal quarter in an amount equal to 0.25% of the initial aggregate principal amount of the Amendment No. 3 Term Loans.

All other material terms of the Credit Agreement, as amended, remained unchanged.

Relationships

The Company and certain of its affiliates have previously entered into commercial financial arrangements with certain of the lenders, and/or their respective affiliates, and each of these entities and/or their affiliates has in the past provided financial, advisory, investment banking and other services to the Company and its affiliates, including serving (1) as a book runner and/or global coordinator for the Company’s initial public offering in the United Kingdom, (2) as a lender and/or in other related capacities in connection with the Credit Agreement and the various term loans and revolving credit facility under the Credit Agreement, (3) as financial advisor and capital markets advisor in connection with the Company’s acquisition of Holdings, and (4) as lead placement agent in connection with the Company’s private placement.

ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT.
The information set forth under Item 1.01 is incorporated by reference herein.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d):The following exhibits are being filed herewith:
Exhibit No.Description
10.1
Third Amendment to Credit Agreement (with conformed Credit Agreement as Annex A), dated June 2, 2026, by and among Acuren Delaware Holdco, Inc., as the initial borrower, Acuren Holdings, Inc., as a borrower, TIC Solutions, Inc., as holdings, the other Loan Parties party thereto, the Refinancing Term Loan Lenders party thereto, the Revolving Credit Lenders party thereto, the L/C Issuers party thereto and Jefferies Finance LLC, as administrative agent and as collateral agent.
104Cover Page Interactive Data File (embedded within the Inline XBRL document)
1

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TIC Solutions, Inc.
Date: June 4, 2026By:/s/ Kristin Schultes
Name: Kristin Schultes
Title:Chief Financial Officer
2

Source: View Original Filing on SEC EDGAR

FAQ

What did TIC (TIC) change in its credit agreement on June 2, 2026?

TIC Solutions amended its credit agreement to reduce interest on Amendment No. 3 Term Loans by 25 basis points and increase the Letter of Credit sublimit to $50.0 million, while leaving all other material terms unchanged.

How did the June 2026 amendment affect TIC (TIC) term loan interest rates?

The amendment set Amendment No. 3 Term Loans to bear interest at the borrower’s choice of Term SOFR plus 2.50% per annum or the Base Rate plus 1.50% per annum, reflecting a 25 basis point reduction in the stated rate.

When do principal payments start on TIC (TIC) Amendment No. 3 Term Loans?

Principal payments on the Amendment No. 3 Term Loans will begin on September 30, 2026. After that date, repayments are due quarterly, with each installment equal to 0.25% of the initial aggregate principal amount of these term loans.

What is TIC (TIC) new Letter of Credit Sublimit under the amended facility?

The amendment increases the Letter of Credit Sublimit under TIC’s credit agreement to $50.0 million. This higher sublimit enhances the capacity for letters of credit within the existing revolving credit structure, without changing other material terms of the facility.

Which subsidiaries of TIC (TIC) are borrowers under the amended credit agreement?

Acuren Delaware Holdco, Inc. is the initial borrower and Acuren Holdings, Inc. is also a borrower under the credit agreement. Both are wholly owned subsidiaries of TIC Solutions, and the company acts as holdings and a guarantor under the structure.

What relationships does TIC (TIC) have with lenders involved in the amendment?

TIC and its affiliates have prior commercial ties with certain lenders and their affiliates, including roles as IPO book runners, lenders under the credit facilities, financial and capital markets advisors for an acquisition, and lead placement agent in a private placement.

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

Other Documents