Item 1.01. Entry into a Material Definitive Agreement.

On December 5, 2019, Kelly Services, Inc. (the "Company") entered into an agreement with its lenders to amend and restate its existing $150 million, five-year revolving credit facility. The amendment (i) increased the size to $200 million and (ii) changed certain of the terms and conditions, with a new maturity date of December 5, 2024. On December 5, 2019, the Company also entered into an Amended and Restated Pledge and Security Agreement under which the Company pledges certain assets as security for this credit facility.

On December 5, 2019, the Company and Kelly Receivables Funding, LLC, a wholly owned bankruptcy remote special purpose subsidiary of the Company, amended the Receivables Purchase Agreement related to the $200 million securitization facility. The amendment (i) decreased the size to $150 million and (ii) changed certain of the terms and conditions, with a new maturity date of December 5, 2022.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant.

The information set forth in Item 1.01 above is incorporated by reference in this Item 2.03.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits



10.6     Third Amended and Restated Credit Agreement, dated December 5, 2019

10.14    Amended and Restated Pledge and Security Agreement, dated December 5,
       2019

10.15    First Amended and Restated Receivables Purchase Agreement Amendment No.
       1, dated December 5, 2019

104    Cover Page Interactive Data File (formatted as Inline XBRL and contained
       in Exhibit 101)




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