Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.7
CROSS COUNTRY HEALTHCARE INC amended term loan with Wilmington Trust, National Association at Term SOFR plus an adjustment of 10 basis points due to the credit spread associa.
- Instrument
- term loan
- Counterparty
- Wilmington Trust, National Association
- Rate
- Term SOFR plus an adjustment of 10 basis points due to the credit spread associa
- Event
- amendment
Exact text from the filing
The Second Amendment provides the option for all or a portion of the borrowings to bear interest at a rate based on SOFR or base rate, at the election of the borrowers, plus an applicable margin. With respect to any SOFR loan, the rate per annum will be equal to the Term SOFR (as defined in the Second Amendment) for the interest period plus an adjustment of 10 basis points due to the credit spread associated with the transition to SOFR.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CROSS COUNTRY HEALTHCARE INC amended Second Amendment to Term Loan Credit Agreement with Wilmington Trust, National Association, as administrative agent and collateral agent (effective 2023-04-14).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wilmington Trust, National Association, as administrative agent and collateral agent
- Effective
- 2023-04-14
Exact text from the filing
On April 14, 2023, Cross Country Healthcare, Inc. (the "Company") entered into that certain Second Amendment to Term Loan Credit Agreement (the "Second Amendment"), by and among the Company, the Guarantors (as defined therein), the Lenders (as defined therein), and Wilmington Trust, National Association, as administrative agent and collateral agent, to amend certain terms of the Term Loan Credit Agreement dated as of June 8, 2021 and as amended on November 18, 2021 (the "Term Loan Credit Agreement").
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