Robert Half gets $100 million 364-day revolver at Libor plus 225 bps

By Wendy Van Sickle

Columbus, Ohio, May 15 – Robert Half International Inc. entered into a new $100 million 364-day unsecured revolving facility on May 11, according to an 8-K filing with the Securities and Exchange Commission.

The credit agreement replaces the company’s previous uncommitted $100 million credit facility that expired on March 19.

JPMorgan Chase Bank, NA was the bookrunner, lead arranger and administrative agent.

Borrowings bear interest at Libor plus 225 basis points with a 0.75% Libor floor, and there is a commitment fee of 50 bps.

Proceeds may be used for working capital and general corporate purposes.

The global human resource consulting firm is based in Menlo Park, Calif.

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