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Bank of America Leads Lenders in Kforce Facility Increase

December 24, 2014, 07:13 AM
Filed Under: Staffing Services

Kforce Inc., a provider of professional staffing services and solutions, has entered into a Third Amendment to its current credit facility with a syndicate of banks led by Bank of America and also including Wells Fargo, JPMorgan Chase and BMO Harris Bank. The amended credit 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 providing flexible and permanent staffing solutions in the skill areas of technology and finance & accounting.

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