# Teamshares Retires Legacy Credit Facility

> Teamshares retires $150m credit facility with $130m term loan maturing 4Q 2030.
- Title: Teamshares Retires Legacy Credit Facility · Financial Post
- Summary: Teamshares retires $150m credit facility with $130m term loan maturing 4Q 2030. Teamshares repaid $150m legacy credit facility using $130m term loan maturing…
- Keywords: teamshares, nasdaq, sound point capital, term loan, 4q 2030, credit facility, acquisition financing, ebitda, money, business, Retires, Legacy
- Source: Financial Post — https://financialpost.com/globe-newswire/teamshares-retires-legacy-credit-facility-with-term-loan-maturing-4q-2030
- Author: GlobeNewswire
- Published: 2026-10-19T11:16:31+00:00
- Read time: 1 min
- Topics: teamshares, nasdaq, sound point capital, term loan, 4q 2030, credit facility, acquisition financing, ebitda, money, business
## Teamshares repays legacy credit facility
Teamshares repaid a $150 million legacy credit facility in full with a new $130 million term loan and cash on hand.
## New term loan terms
Term loan matures in fourth quarter 2030 with 9.5% floating-rate spread above sofr.
## Interest reduction
Annual interest expense expected to decrease by $5 million at current sofr levels.
## Early mezzanine repayment
Initiated early repayment of $17 million mezzanine debt to reduce annual interest by $3 million.
## CEO statement
CEO Michael Brown says going public has been a major catalyst for 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.
## CFO statement
CFO Brian Gaebe prioritizes speed and certainty for acquisition financing.

> 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.
## Financing strategy
Teamshares uses multi-stage financing to improve capital access and cost for acquisitions.

> 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.
## Key takeaway

Teamshares repaid $150m legacy credit facility using $130m term loan maturing in 4Q 2030 to improve capital access for acquisitions.