Daily News: July 31, 2018

BofA Agents New $300MM Revolver for TrueBlue


TrueBlue, a national staffing company, completed a new $300 million revolving credit facility with Bank of America as administrative agent.

According to a related 8-K filing, Bank of America Merrill Lynch, Wells Fargo Securities and PNC Bank served as joint lead arrangers and joint bookrunners. Wells Fargo Bank, PNC Bank, KeyBank and HSBC Bank USA were co-agents for the transaction.

The revolving credit facility matures in five years and includes an accordion feature which, subject to lender approval, provides the company with the option to increase the total amount of the facility up to $450 million.