Acuren Corp Files 8-K for Material Agreement

TL;DR

Acuren Corp just signed a big deal, check the 8-K for details on new financial obligations.

AI Summary

On January 31, 2025, Acuren Corporation entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to these events.

Why It Matters

This 8-K filing signals a significant new agreement for Acuren Corp, potentially impacting its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements and new financial obligations can introduce significant risks and opportunities for a company.

Key Players & Entities

• Acuren Corporation (company) — Registrant
• January 31, 2025 (date) — Date of Report

FAQ

Filing Documents

• ea022915801-8k_acuren.htm (8-K) — 29KB
• ea022915801ex10-1_acuren.htm (EX-10.1) — 1533KB
• 0001213900-25-008948.txt ( ) — 2038KB
• tica-20250131.xsd (EX-101.SCH) — 3KB
• tica-20250131_lab.xml (EX-101.LAB) — 33KB
• tica-20250131_pre.xml (EX-101.PRE) — 22KB
• ea022915801-8k_acuren_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On January 31, 2025, Acuren Corporation (the "Company") entered into the First Amendment to Credit Agreement, by and among Acuren Delaware Holdco, Inc. (the "Initial Borrower"), a wholly-owned subsidiary of the Company, Acuren Holdings, Inc. ("Holdings" and together with the Initial Borrower, the "Borrowers"), a wholly-owned subsidiary of the Company, the lenders and other persons 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 lenders and other persons party thereto, and the Administrative Agent (as amended, the "Credit Agreement"). Capitalized terms used herein and not otherwise defined, have the meanings set forth in the Credit Agreement, as amended by the Amendment. The Amendment amended the Credit Agreement to reduce the stated rate of interest of the Amendment No. 1 Term Loans and reflect other related amendments. The Amendment No. 1 Term Loans now bear interest, at the Borrower's election, at either Term SOFR plus 2.75% per annum or the Base Rate plus 1.75% per annum. Principal payments on the Amendment No. 1 Term Loans, as amended, will commence on March 31, 2025, 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. 1 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

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 First Amendment to Credit Agreement (with conformed Credit Agreement as Annex A), dated January 31, 2025, by and among Acuren Delaware Holdco, Inc., as the initial borrower, Acuren Holdings, Inc., as a borrower, Acuren Corporation, as holdings, the guarantors from time to time party thereto, the lenders from time to time party thereto, and Jefferies Finance LLC, as administrative agent and as collateral agent. 104 Cover Page Interactive File (the cover page tags are 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. Acuren Corporation Date: January 31, 2025 By: /s/ Kristin Schultes Name: Kristin Schultes Title: Chief Financial Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR