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
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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Source: On Assignment, Inc.
On Assignment, Inc.
Jim Brill, 818-878-7900