secwatch.observer — SEC 8-K summary
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Issuer:     CROSS COUNTRY HEALTHCARE INC (CCRN)
CIK:        0001141103
Form:       8-K
Filed at:   2024-07-29T23:59:59+00:00
Accession:  0001628280-24-033300
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cross Country Healthcare amends ABL credit agreement to ease share repurchase restrictions
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- Amendment No. 7 to ABL Credit Agreement with Wells Fargo, dated July 29, 2024, relaxes share repurchase covenant.
- Share repurchases before June 30, 2024 and future repurchases allowed if no revolving ABL loans outstanding (excluding interest/fees).
- Repurchases excluded from fixed charge coverage ratio calculation, giving more capital-return flexibility.
- No default or event of default exists as of amendment effective date; representations and warranties reaffirmed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141103/000162828024033300/0001628280-24-033300-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141103/000162828024033300/ccrn-20240729.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-033300

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