Recent Updates — TMS

Teamshares Inc.'s subsidiary entered into a $130 million senior secured term loan facility maturing in October 2030, bearing interest at one-month Term SOFR plus 9.50%. The company used the proceeds to fully repay and terminate its existing $150 million credit facility, which had an aggregate payoff amount of approximately $152.8 million including accrued interest. This refinancing lowers the annual interest expense by roughly $5 million at current rates and removes a near-term maturity risk. Teamshares Inc. is a tech-enabled acquiror of high-quality small and medium-sized enterprises.