January 29, 2018 / 4:05 PM / 3 months ago

BRIEF-Volt Information Sciences Announces New Financing Agreement With DZ Bank AG

Jan 29 (Reuters) - Volt Information Sciences Inc:

* VOLT INFORMATION SCIENCES ANNOUNCES NEW FINANCING AGREEMENT WITH DZ BANK AG

* SAYS‍ UNDER TERMS, DZ BANK WILL PROVIDE A TWO-YEAR, $115 MILLION FACILITY WHICH PERMITS BORROWINGS UNTIL JANUARY 25, 2020​

* SAYS ‍EXITED ITS FINANCING RELATIONSHIP WITH PNC BANK​

* SAYS “‍NEW FACILITY HAS LESS RESTRICTIVE FINANCIAL COVENANTS AND FEW RESTRICTIONS ON USE OF PROCEEDS”​ Source text for Eikon: Further company coverage:

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