CRAWFORD & CO (CRD-A): debt financing — Crawford & Company upsizes revolving credit facility to $500M; matures Dec 2030

CRAWFORD & CO

Revolving credit facility increased to $500.0 million; maturity extended to Dec 2, 2030.
UK borrower replaced with Crawford & Company EMEA/AP Management Ltd; prior UK borrower released.
Sublimits: $250M UK, $125M Canada, $75M Australia; letter of credit sublimit $125M.
Financial covenants: max leverage ratio 4.50x, min interest coverage 2.50x.
Facilities secured by first-priority liens on personal property and stock of foreign borrowers.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CRAWFORD & CO amended revolving credit of $500.0 million with Bank of America, N.A., as the Administrative Agent maturing December 2, 2030.

Instrument: revolving credit
Principal: $500.0 million
Counterparty: Bank of America, N.A., as the Administrative Agent
Maturity: December 2, 2030
Event: amendment

Exact text from the filing

acility”) with Bank of America, N.A., as the Administrative Agent, the Australian Security Trustee, the UK Security Trustee, Swing

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CRAWFORD & CO amended Third Amendment with Bank of America, N.A., as Administrative Agent valued at $500.0 million (effective 2025-12-02).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A., as Administrative Agent
Value: $500.0 million
Effective: 2025-12-02

Exact text from the filing

On December 2, 2025, Crawford & Company (the “Company”), its subsidiaries Crawford & Company EMEA/AP Management Ltd, Crawford & Company (Canada) Inc. and Crawford & Company (Australia) Pty. Ltd. (the Company, together with such subsidiaries, as borrowers, the “Borrowers”), entered into the Third Amendment (the “Third Amendment”) to the November 5, 2021 Credit Agreement (the “Credit Facility”) with Bank of America, N.A., as the Administrative Agent

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Source: SEC EDGAR

accession 0001104659-25-119103

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