Summary by Moomoo AI
Staffing 360 Solutions announced the execution of Amendment No. 32 to its Credit and Security Agreement with MidCap Funding IV Trust on December 9, 2024. The amendment, effective as of December 5, extends the Commitment Expiry Date to December 13, 2024.The agreement involves multiple subsidiaries as borrowers, including Monroe Staffing Services, Faro Recruitment America, Lighthouse Placement Services, and several Headway entities. Additionally, the company entered into a Limited Consent to the Intercreditor Agreement with Jackson Investment Group, LLC, facilitating the implementation of Amendment No. 32.