On Assignment Completes Term Loan Reprice, Revolver Upsize and Maturity Extension
February 22 2017 - 9:00AM
Business Wire
On Assignment, Inc. (NYSE:ASGN) (the “Company”), a leading
global provider of diversified staffing solutions announced today
that it has completed the amendment of its credit facility. This
included the repricing of its existing $656 million Term B loan,
reducing the pricing by 50 basis points to LIBOR, plus 2.25 percent
and the removal of the LIBOR floor. The Company also increased the
size of its existing revolving line of credit from $150 million to
$200 million and extended the maturity date to February 21, 2022.
There are no borrowings under the line of credit. The Company paid
customary fees and expenses associated with the transaction.
About On Assignment
On Assignment, Inc. is a leading global provider of highly
skilled, hard-to-find professionals in the growing technology, life
sciences, and creative sectors, where quality people are the key to
success. The Company goes beyond matching résumés with job
descriptions to match people they know into positions they
understand for temporary, contract-to-hire, and direct hire
assignments. Clients recognize On Assignment for its quality
candidates, quick response, and successful assignments.
Professionals think of On Assignment as career-building partners
with the depth and breadth of experience to help them reach their
goals. The Company has a network of branch offices
throughout the United States, Canada and Europe. To
learn more, visit http://www.onassignment.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170222005413/en/
On Assignment, Inc.Jim Brill, 818-878-7900Treasurer
ASGN (NYSE:ASGN)
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