Spherion amends loan to add accordion feature, push out maturity, cut rates

By Sara Rosenberg

New York, July 29 - Spherion Corp. amended its $250 million credit facility, adding a $50 million accordion feature, extending the maturity through July 24, 2010, reducing interest rates and expanding the types of debt it could incur, according to an 8-K filed with the Securities and Exchange Commission Friday.

Bank of America is the agent on the deal.

Spherion is a Fort Lauderdale, Fla., provider of temporary staffing services, managed services and permanent placement services.

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