Volt Information Sciences Reports Update on Short-Term Financing Program
May 03 2013 - 4:30PM
Business Wire
Volt Information Sciences, Inc. (OTC: VISI) today announced the
extension to July 31, 2013 from May 31, 2013 of the financing
facility and the requirement to provide audited financial
statements for its fiscal 2011 year under its Short-Term Financing
Program (“Short Term Financing Program”). The underlying borrowing
agreement was also extended to July 31, 2014 from its previous
April 30, 2014 expiration date. The due date for audited financial
statements for fiscal 2012 of September 30, 2013, is unchanged. In
addition, the credit available under the Short-Term Financing
Program has been increased to $200 million from $150 million. The
Company’s Short-Term Financing Program provides for borrowing
secured by receivables related to its staffing services
business.
Volt Information Sciences, Inc. is a leading provider of global
infrastructure solutions in technology, information services and
staffing acquisition for its FORTUNE 1000 customer base. Operating
through an international network of servicing locations, the
Staffing Services Segment fulfills IT, engineering, administrative,
and industrial workforce requirements of its customers, for
professional search and temporary/contingent personnel as well as
managed services programs. Technology infrastructure services
include telecommunications engineering, construction, and
installation; and IT managed services and maintenance.
Information-based services are primarily directory assistance,
operator services, database management, and directory printing.
Visit www.volt.com.
Volt Information Sciences (AMEX:VISI)
Historical Stock Chart
From Sep 2024 to Oct 2024
Volt Information Sciences (AMEX:VISI)
Historical Stock Chart
From Oct 2023 to Oct 2024