Cross Country Healthcare doubles ABL facility to $300 million

By Wendy Van Sickle

Columbus, Ohio, March 22 – Cross Country Healthcare, Inc. amended and restated its Oct. 25, 2019 ABL credit agreement with Wells Fargo Bank, NA as administrative agent on Monday to double the commitment size to $300 million and extend the maturity for an additional five years, according to an 8-K filed with the Securities and Exchange Commission.

Further certain borrowing base sublimits were increased, and SOFR was set as the basis for interest, with the margin increased by 10 basis points to account for this change.

Cross Country provides health care workforce solutions and staffing services and is based in Boca Raton, Fla.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.