---
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"
generated_at: "2026-06-17T00:29:49.703856+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Cross Country Healthcare amends term loan to add SOFR interest rate option

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000574
- JSON: https://secwatch.observer/filing/0001157523-23-000574.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000574.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1141103/000115752323000574/0001157523-23-000574-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1141103/000115752323000574/0001157523-23-000574-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.