HHGP $3.36 daily and weekly charts by XELA22 6 Sep 10.
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On Monday August 16, 2010, 9:15 am EDT NEW YORK (AP) -- Professional staffing company Hudson Highland Group Inc. said Monday it entered into a new $40 million revolving credit line.
Hudson Highland said it closed the credit facility with RBS Business Capital on Thursday. The company said the move improves its access to cash, and it now has about $60 million in liquidity including the funds available under the credit facilities. Hudson Highland previously terminated credit lines with Wells Fargo.
NEW YORK, Aug. 6, 2010 (GLOBE NEWSWIRE) -- Hudson Highland Group, Inc. (Nasdaq:HHGP - News), one of the world's leading providers of permanent recruitment, contract professionals and talent management solutions, today announced the signing of a new $40 million revolving credit facility with RBS Business Capital.
The company ended the second quarter of 2010 with $37.9 million in cash, an increase from $24.1 million in cash at the end of the first quarter, including the proceeds of the equity offering completed in early April. The company had $12.8 million in borrowings under its existing credit facilities at June 30.
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