{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-000574","form_type":"8-K","ticker":"CCRN","cik":"0001141103","company_name":"CROSS COUNTRY HEALTHCARE INC","filed_at":"2023-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.050339+00:00","generated_at":"2026-06-17T00:29:49.703856+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Cross Country Healthcare amends term loan to add SOFR interest rate option","bullets":["Second Amendment dated April 14, 2023 allows SOFR or base rate borrowing, plus applicable margin.","SOFR loans include a 10-basis-point credit spread adjustment for the LIBOR-to-SOFR transition.","No other material changes to covenants, pricing, or terms of the existing Term Loan Credit Agreement.","Amendment fee of $5,000 paid to administrative agent; lenders include Blackstone entities.","Existing LIBOR rate loans to continue until their current interest period ends, then convert to SOFR or base rate."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-000574","json":"https://secwatch.observer/filing/0001157523-23-000574.json","markdown":"https://secwatch.observer/filing/0001157523-23-000574.md","text":"https://secwatch.observer/filing/0001157523-23-000574.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1141103/000115752323000574/0001157523-23-000574-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1141103/000115752323000574/a53381943.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T00:29:49.703856+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":"cc7221658a9660d211a2814f7ba1ad45b5871596","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1141103/000115752323000574/0001157523-23-000574-index.htm","confidence":0.7,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Counterparty","value":"Wilmington Trust, National Association"},{"label":"Rate","value":"Term SOFR plus an adjustment of 10 basis points due to the credit spread associa"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"f09a9462f91004a98ef3e6de12b32e906b90ef9b","claim":"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).","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1141103/000115752323000574/0001157523-23-000574-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wilmington Trust, National Association, as administrative agent and collateral agent"},{"label":"Effective","value":"2023-04-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}