VOLT INFORMATION SCIENCES, INC. (NYSEMKT:VISI) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
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Entry into a Material Definitive Agreement
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wholly-owned subsidiary of Volt Information Sciences, Inc.,
entered into an amendment (the Amendment) to that certain Loan
and Security Agreement by and between Maintech, as borrower, and
Bank of America, N.A., as lender, dated as of February 17, 2016
(the Agreement).
in the Agreement, by one month to March 17, 2017. The Agreement,
as amended, will terminate upon the earlier of the Revolver
Termination Date, when voluntarily terminated by Maintech, or
upon certain other events, including the sale of Maintech.
reference to the full text of the Amendment, a copy of which is
attached hereto as Exhibit 10.1.
| Item 9.01 |
Financial Statements and Exhibits
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| (d) |
Exhibits
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| Exhibit No. |
Description of Exhibit
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| 10.1 |
Amendment to Loan and Security Agreement, dated as of
February 17, 2017, to the Loan and Security Agreement, dated as of February 17, 2016, between Maintech, Incorporated, as Borrower, and Bank of America, N.A., as lender. |
About VOLT INFORMATION SCIENCES, INC. (NYSEMKT:VISI)
Volt Information Sciences, Inc. is a provider of staffing services and information technology infrastructure services. The Company operates through North American Staffing; International Staffing; Technology Outsourcing Services and Solutions, and Corporate and Other segments. Its staffing services consist of workforce solutions, including providing contingent workers, personnel recruitment services and managed staffing services programs supporting light industrial, information technology and engineering positions. Its technology outsourcing services provide pre- and post-production development support, testing and customer support to companies in the mobile, gaming and technology devices industries. Its managed service programs comprise managing the procurement and on-boarding of contingent workers. Its information technology infrastructure services offer server, network and desktop information technology hardware maintenance, data center and network monitoring and operations. VOLT INFORMATION SCIENCES, INC. (NYSEMKT:VISI) Recent Trading Information
VOLT INFORMATION SCIENCES, INC. (NYSEMKT:VISI) closed its last trading session up +0.05 at 7.45 with shares trading hands.
