Asgn incorporated announces pricing of private notes offering
Asgn incorporated announced that it priced an offering of $550 million in aggregate principal amount of senior notes due 2028 (the “notes”). the notes will have an interest rate of 4.625% per annum and are being issued at a price equal to 100% of their face value. the notes will be guaranteed by certain of asgn’s existing and future domestic restricted subsidiaries and will be senior unsecured obligations of asgn. asgn intends to use the net proceeds from the notes to (i) repay all amounts outstanding under its revolving credit facility (currently $26 million), (ii) repay all amounts outstanding under its term loan facility due 2022, (iii) repay a portion of the amount outstanding under its term loan facility due 2025 and (iv) pay fees and expenses related to the offering of notes and each of the foregoing. the notes will be offered and sold in the united states only to qualified institutional buyers pursuant to rule 144a under the securities act of 1933, as amended (the securities act"), and to non-u.s. persons in transactions outside the united states pursuant to regulation s under the securities act. the notes have not been registered under the securities act and may not be offered or sold in the united states without registration or an applicable exemption from the registration requirements.
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