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The proceeds of the term loan will be used to finance the cash portion of the purchase price, to repay existing indebtedness of On Assignment and Apex Systems and to pay fees and expenses in connection with the transaction.
The company says it intends to use the net proceeds of the public offering to repay a portion of its existing indebtedness.
The $1 billion balance of the facility will be available to the company "upon the satisfaction of certain conditions" and will be used in part to repay $550 million of existing indebtedness of Transwestern Pipeline.
But in places where multiple partners -- I mean providers -- have emerged, safe microfinance requires an additional dimension: checking for existing indebtedness, both through detailed questioning of clients and through credit bureaus.
Similar(56)
Barely existing.
Existing home sales rise.
She was "existing".
Existing terminal.
Existing homes.
Existing competition.
Sign any existing petitions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com