ASGN ups credit agreement to $460 million, adopts SOFR

By Mary-Katherine Stinson

Lexington, Ky., Nov. 23 – ASGN Inc. entered a ninth amendment to its second amended and restated credit agreement on Tuesday increasing the total commitments via the company’s incremental facilities to $460 million from $250 million, according to an 8-K filing with the Securities and Exchange Commission.

The amended agreement has the same terms as the existing revolving credit facility.

The amendment also adopted SOFR as the benchmark rate, replacing Libor.

Wells Fargo Bank, NA is the administrative agent.

Wells Fargo Securities, LLC, BofA Securities, Inc., Truist Securities, Inc., Capital One, NA, Fifth Third Bank, NA, MUFG Bank, Ltd., JPMorgan Chase Bank, NA, U.S. Bank NA, First National Bank and Atlantic Union Bank acted as joint lead arrangers and joint bookrunners.

ASGN is a Glen Allen, Va.-based provider of IT and professional services in the technology, digital, creative, engineering and life sciences fields.

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