Global Employment to buy back $3 million of senior secured convertible notes

By Devika Patel

Knoxville, Tenn., May 5 - Global Employment Holdings, Inc. has agreed to buy back at least $3 million of its senior secured convertible notes at 95% of par by May 9, according to an 8-K filed Monday with the Securities and Exchange Commission.

The notes will be bought back for $2.85 million with borrowings from the company's 2008 credit and security agreement with Wells Fargo Bank.

Global Employment is a staffing service based in Littleton, Colo.

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