On Assignment Initiates Term Loan Reprice, Revolver Upsize and Maturity Extension
February 09 2017 - 9:00AM
Business Wire
On Assignment, Inc. (NYSE:ASGN), a leading global provider of
diversified staffing solutions announced today that it is
proposing, subject to market and other conditions, to reprice its
existing Term B credit facility and to amend its existing revolving
credit facility. The amended credit agreement, if completed, will
increase the size of the revolving credit facility from $150
million to $200 million and extend the maturity date to five years
from the date of closing. The Company has received commitments from
its existing banks for the increase in the revolving credit under
which no borrowings are currently outstanding.
There can be no assurances about the timing or terms of the
planned refinancing, or that the refinancing transactions will be
completed at all.
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170209005299/en/
On Assignment, Inc.Jim Brill, 818-878-7900Treasurer
ASGN (NYSE:ASGN)
Historical Stock Chart
From Mar 2024 to Apr 2024
ASGN (NYSE:ASGN)
Historical Stock Chart
From Apr 2023 to Apr 2024