{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-001455","form_type":"8-K","ticker":"CCRN","cik":"0001141103","company_name":"CROSS COUNTRY HEALTHCARE INC","filed_at":"2023-10-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.338194+00:00","generated_at":"2026-06-10T06:15:12.508821+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Cross Country's ABL covenant becomes springing, tied to excess availability thresholds","bullets":["Amendment No. 6 changes fixed charge coverage ratio from maintenance to springing covenant triggered when excess availability falls below greater of 15% of loan cap or $24M.","Once a Compliance Period starts, covenant tested quarterly until excess availability exceeds that threshold for 30 consecutive days.","Cure right added: cash equity contributions can boost consolidated EBITDA within 10 business days of Compliance Period start.","Amendment effective September 29, 2023; all conditions satisfied; existing credit agreement otherwise unchanged."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-001455","json":"https://secwatch.observer/filing/0001157523-23-001455.json","markdown":"https://secwatch.observer/filing/0001157523-23-001455.md","text":"https://secwatch.observer/filing/0001157523-23-001455.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1141103/000115752323001455/0001157523-23-001455-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1141103/000115752323001455/a53567346.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T06:15:12.508821+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":"a85c258849a0f1cd67d761a0fe75281f56e3b7f4","claim":"CROSS COUNTRY HEALTHCARE INC amended ABL Credit Agreement with Wells Fargo Bank N.A. valued at Amends fixed charge coverage ratio from minimum to springing based on excess availability (effective 2023-09-29).","evidence_excerpt":"On September 29, 2023, Cross Country Healthcare, Inc. (the \"Company\") amended its ABL Credit Agreement dated October 25, 2019, as amended, restated or otherwise modified from time to time, among the Company, substantially all of its wholly-owned subsidiaries, and Wells Fargo Bank N.A., as lender and administrative agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1141103/000115752323001455/0001157523-23-001455-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank N.A."},{"label":"Value","value":"Amends fixed charge coverage ratio from minimum to springing based on excess availability"},{"label":"Effective","value":"2023-09-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}