Crawford amends loan, allowing for buyback of some term debt

By Sara Rosenberg

New York, Feb. 3 - Crawford & Co. amended its credit facility, allowing for the repurchase of up to $25 million of its term loan debt, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

In addition, the amendment enables the company to enhance certain operational and financial aspects of its business, including, among other things, undertaking an internal corporate realignment of certain of its operating subsidiaries and assets.

The amendment was completed on Feb. 2.

SunTrust is the administrative agent on the deal.

Crawford is an Atlanta-based provider of claims management services to insurance companies and self-insured entities.

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