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View All NewsThe Netherlands — Randstad launches €125 million standby facility for the
18 August 2009
Randstad Holding nv, the world’s second largest HR services provider,
announces that it has launched a standby facility with Fortis Commercial
Finance, part of Fortis Bank Nederland.
The facility offers Randstad the opportunity to sell accounts receivable of its
Belgian entities to Fortis Commercial Finance with a maximum of €125
million.
Randstad considers the facility as an insurance policy to be able to strengthen
the balance sheet if needed. Randstad is entitled to activate the facility, which
runs for at least 18 months, at any time.
Randstad Holding nv is listed on the NYSE Euronext Amsterdam, where options for stocks in Randstad are also traded.