Gee group announces repayment of $56 million in debt

Balance sheet strengthened and significant interest savings expected jacksonville, fl / accesswire / april 21, 2021 / gee group inc. (nyse american:job) ("gee" or the "company"), a provider of professional staffing services and solutions, today announced it has repaid approximately $56 million in aggregate outstanding indebtedness under its existing revolving credit, term loan and security agreement, including accrued interest, using the net proceeds of its recent underwritten public offering and available cash. the repaid debt was originally obtained from investors led by mgg investment group lp on april 3, 2017, and had a maturity date of june 30, 2023.
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