On Assignment,Inc. (NYSE:ASGN) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement
On August 22, 2017, On Assignment, Inc., a Delaware corporation (the “Company”), entered into an amendment (the “Amendment”) to its credit agreement with Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, and the lenders party thereto. The Amendment decreased the interest rate on the term B loan facility by 25 basis points to LIBOR plus 2.00 percent. As of the closing date of the Amendment, the amended credit agreement consists of: (i) a $594.0 million term B loan facility which matures on June 5, 2022; and (ii) a $200.0 million revolving loan facility which matures on February 21, 2022. The Company paid customary fees and expenses associated with the transaction.
The foregoing summary of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment, which is filed as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
ON ASSIGNMENT INC ExhibitEX-10.1 2 thirdamendmentexhibit.htm EXHIBIT 10.1 Exhibit Exhibit 10.1THIRD AMENDMENTTHIRD AMENDMENT dated as of August 22,…To view the full exhibit click here
About On Assignment,Inc. (NYSE:ASGN)
On Assignment, Inc. is a provider of professionals in the technology, life sciences and creative sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include the Apex Segment and the Oxford Segment. The Apex Segment provides a spectrum of technical and scientific professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States. The Apex Segment businesses serve markets with a large and local pool, and provide a range of skills through a network of local offices. The Apex segment businesses include Apex Systems, LLC (Apex Systems), Lab Support, LLC (Lab Support) and Creative Circle, LLC (Creative Circle). The Oxford Segment provides staffing and consulting services in select skill and geographic markets, and its businesses include Oxford Global Resources, LLC (Oxford), CyberCoders, Inc. (CyberCoders) and Life Sciences Europe.