{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-119103","form_type":"8-K","ticker":"CRD-A","cik":"0000025475","company_name":"CRAWFORD & CO","filed_at":"2025-12-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.636802+00:00","generated_at":"2026-05-16T14:08:02.783617+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Crawford & Company upsizes revolving credit facility to $500M; matures Dec 2030","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-119103","json":"https://secwatch.observer/filing/0001104659-25-119103.json","markdown":"https://secwatch.observer/filing/0001104659-25-119103.md","text":"https://secwatch.observer/filing/0001104659-25-119103.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/25475/000110465925119103/0001104659-25-119103-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/25475/000110465925119103/tm2531876d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T14:08:02.783617+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"92df08ba0f8215835950df0ba9d5f282df184291","claim":"CRAWFORD & CO amended revolving credit of $500.0 million with Bank of America, N.A., as the Administrative Agent maturing December 2, 2030.","evidence_excerpt":"acility”) with Bank of America, N.A., as the Administrative Agent, the Australian Security Trustee, the UK Security Trustee, Swing","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/25475/000110465925119103/0001104659-25-119103-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$500.0 million"},{"label":"Counterparty","value":"Bank of America, N.A., as the Administrative Agent"},{"label":"Maturity","value":"December 2, 2030"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"be5b638801c8c51c8f436b4b67fadfe1a1eb2573","claim":"CRAWFORD & CO amended Third Amendment with Bank of America, N.A., as Administrative Agent valued at $500.0 million (effective 2025-12-02).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/25475/000110465925119103/0001104659-25-119103-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as Administrative Agent"},{"label":"Value","value":"$500.0 million"},{"label":"Effective","value":"2025-12-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}