TIC Solutions Completes Credit Restructuring
TIC Solutions Inc. (NYSE:TIC) completed the repricing of its $1.6 billion First Lien Term Loan, reducing the margin to SOFR + 250 basis points. Roth Capital upgraded its price target for TIC from $10 to $11.50 while maintaining a Buy rating.
Tickers: $TIC
Topics: debt restructuring SOFR stock price target term loan