Gee group announces commitment for new $20 million revolving credit facility

Jacksonville, fl / accesswire / march 26, 2021 / gee group inc. (nyse american:job) ("gee" or the "company") a provider of professional staffing services and solutions, today announced that it has received and signed a commitment letter for a $20 million asset-based senior secured revolving credit facility (the "cit facility") from cit, who will also serve as administrative and collateral agent and sole lead arranger. the cit facility will be collateralized by 100% of the assets of the company and its subsidiaries who will act as co-borrowers and guarantors.
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