ASGN upsizes revolver to $500 million, extends to 2028

By Wendy Van Sickle

Columbus, Ohio, Aug. 31 – ASGN Inc. refinanced its revolving credit facility for an enlarged $500 million five-year facility, up from $460 million, according to a news release.

The maturity of the facility has been extended to 2028, and borrowings are priced at the SOFR+10 basis points CSA plus 200 bps to 300 bps, depending on secured leverage levels.

Borrowings will be available for general corporate purposes. The revolver was undrawn at closing.

The company also upsized and extended its term loan B, as previously reported.

ASGN is a Glen Allen, Va.-based provider of IT and professional services in the technology, digital, creative, engineering and life sciences fields across commercial and government sectors.

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