Thursday July 16, 10:36 PM
BRIEF-Spherion amends credit facility
July 16 (Reuters) - Spherion Corp (NYSE: SFN - news) :
* Amends and extends credit facility through July 2013 and schedules second
quarter 2009 financial results release
* Says interest rate spreads on borrowings were increased by 200 to 250 basis
points for libor based borrowings
* Says no financial covenants are in effect as long as excess availability of
$30 million is maintained
* Says at closing, excess availability was approximately $110 million
* In future,excess availability may reduce if trailing 12 month fixed charge
coverage ratio falls below certain level
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
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