secwatch.observer — SEC 8-K summary
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Issuer:     CBIZ, Inc. (CBZ)
CIK:        0000944148
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0001628280-22-012917
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CBIZ amends credit facility to $600M, up from $400M, with extended maturity
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- Total facility increased from $400M to $600M, with an accordion feature permitting an additional $200M.
- Maturity date extended by 5 years; swing line facility increased from $25M to $50M.
- Pricing and margin unchanged from prior facility; leverage-based pricing grid remains.
- Facility includes letter of credit subfacility; Bank of America, N.A. acts as administrative agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944148/000162828022012917/0001628280-22-012917-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944148/000162828022012917/cbz-20220504.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-012917

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer