debt
confidence high
sentiment neutral
materiality 0.50
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.
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