On Assignment postpones roughly $700 million term loan B repricing

By Sara Rosenberg

New York, June 28 – On Assignment Inc. decided to postpone the repricing of its roughly $700 million term loan B, according to a market source.

Talk on the term loan B repricing was Libor plus 275 basis points with a 0.75% Libor floor and a par offer price, compared to current pricing of Libor plus 300 bps with a 0.75% Libor floor.

The repriced term loan B was also being offered with 101 soft call protection for six months.

Wells Fargo Securities LLC was the lead bank on the deal.

On Assignment is a Calabasas, Calif.-based provider of diversified professional staffing solutions.

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