On Assignment plans term loan B repricing transaction

By Sara Rosenberg

New York, Aug. 8 – On Assignment Inc. is proposing to reprice its existing term loan B, according to a news release.

The repricing will take the term loan B down from Libor plus 225 basis points with no Libor floor.

As of June 30, there was $594 million outstanding under the term loan B.

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

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