CALABASAS, Calif.--(BUSINESS WIRE)--Feb. 22, 2017--
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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Source: On Assignment, Inc.
On Assignment, Inc.
Jim Brill, 818-878-7900