On Assignment Initiates Term Loan Reprice, Revolver Upsize and Maturity Extension

CALABASAS, Calif.--(BUSINESS WIRE)--Feb. 9, 2017-- 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.

Source: On Assignment, Inc.

On Assignment, Inc.
Jim Brill, 818-878-7900
Treasurer