Cross Country to refinance credit facility with $75 million revolver

New York, Nov. 2 - Cross Country Healthcare, Inc. said it plans to enter into a new $75 million revolving credit facility which it will use to refinance its existing bank debt.

The Boca Raton, Fla., provider of healthcare staffing services said the refinancing is expected to cut borrowing costs by 175 to 200 basis points.

Completion is expected in the fourth quarter.

The five-year revolver will have a $50 million accordion.

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