On Assignment relaunches roughly $700 million term loan B repricing

By Sara Rosenberg

New York, July 28 – On Assignment Inc. relaunched on Thursday the repricing of its roughly $700 million term loan B that had been postponed in June, according to a market source.

Talk on the term loan B repricing is Libor plus 275 basis points with a 0.75% Libor floor and a par offer price, the source said.

The repriced term loan B will have 101 soft call protection for six months.

The term loan B is being repriced from Libor plus 300 bps with a 0.75% Libor floor.

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

Commitments are due at 5 p.m. ET on Wednesday, the source added.

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

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