BofA Leads Kforce Facility Expansion
Kforce announced it entered into a third amendment to its facility with a syndicate of banks led by Bank of America and including Wells Fargo, JPMorgan Chase and BMO Harris Bank.
The amended facility increases maximum borrowing availability to $170 million, with an accordion feature to increase the capacity by $50 million. As amended the facility matures in December 2019.
David L. Dunkel, Kforce chairman and CEO commented, “We are pleased with the support shown by our lender group, which includes several institutions continuing long-term relationships with Kforce and others beginning new strategic relationships. The refinancing of our credit facility, together with our strong balance sheet and liquidity position, provides further long-term stability and financial flexibility to Kforce’s capital structure to accommodate future growth as well as continuing to drive shareholder value.”
Kforce is a professional staffing and solutions firm.