secwatch.observer — SEC 8-K summary
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Issuer:     CROSS COUNTRY HEALTHCARE INC (CCRN)
CIK:        0001141103
Form:       8-K
Filed at:   2023-04-18T23:59:59+00:00
Accession:  0001157523-23-000574
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141103/000115752323000574/0001157523-23-000574-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141103/000115752323000574/a53381943.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000574

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