Hudson Highland Group Amends Wells Fargo Foothill Credit Facility

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31st December 2008, 11:21am - Views: 538





Business Human Resources Hudson Highland Group, Inc. 1 image



Hudson Highland Group Amends Wells Fargo Foothill Credit Facility


NEW YORK,/PRNewswire-AsiaNet/ --


    Hudson Highland Group, Inc. (Nasdaq: HHGP), one of the world's leading providers of

permanent recruitment, contract professionals and talent management solutions, today

amended its $75 million senior secured credit facility with Wells Fargo Foothill. The

revised agreement has no minimum EBITDA covenant. Instead, it requires Hudson to

maintain a minimum borrowing availability of $25 million. Borrowings are based on eligible

receivables. The maturity date of the amended credit facility remains July 31, 2012.  

 

    About Hudson Highland Group  

    Hudson Highland Group, Inc. is a leading provider of permanent recruitment, contract

professionals and talent management services worldwide. From single placements to

total outsourced solutions, Hudson helps clients achieve greater organizational

performance by assessing, recruiting, developing and engaging the best and brightest

people for their businesses. The company employs more than 3,300 professionals

serving clients and candidates in more than 20 countries. More information is available at 


 

     Contact: David F. Kirby  

     Hudson Highland Group  

     212-351-7216  

     david.kirby@hudson.com  

 




SOURCE: Hudson Highland Group, Inc. 

 

    CONTACT:  David F. Kirby of 

              Hudson Highland Group, Inc.

              +1-212-351-7216, 

              david.kirby@hudson.com

              (HHGP)




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