CBIZ amends credit agreement to add Available Amount basket for share repurchases and investments

CBIZ, Inc.

Second Amendment to credit agreement dated April 29, 2025 adds an Available Amount basket for Investments and Restricted Payments (including share repurchases).
Credit agreement originally dated November 1, 2024, with $600M revolving commitments and term loan; amended March 7, 2025.
Borrower CBIZ Operations, Inc. and guarantors; lenders include Bank of America, PNC, JPMorgan, Huntington, among others.
Amendment makes technical changes; consent fee of 0.05% of each lender's commitments and term loan paid.
Allows greater flexibility for capital allocation while maintaining existing financial covenants.

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