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TIC Solutions Completes Repricing of $1.6 Billion First Lien Term Loan
TIC Solutions Inc. has completed the repricing of its approximately $1.6 billion First Lien Term Loan, reducing the margin by 25 basis points to SOFR plus 250 basis points. All other significant terms of the credit arrangement remain unchanged, with the maturity date still set for July 30, 2031. Earlier in May, Roth Capital raised its price target on the stock to $11.50 from $10 while maintaining a Buy rating, citing a favorable landscape in consulting engineering and significant potential in the Geospatial segment. The firm also expects modest expansion in the Inspection and Mitigation businesses later this year.