Cross Country Healthcare Reprices Second Lien Loan

Business News
Print
BOCA RATON, Fla.--(BUSINESS WIRE)--Cross Country Healthcare, Inc. (Nasdaq: CCRN) announced today it has entered into an agreement to amend its Second Lien Loan and Security Agreement. Under the terms of the amendment, the interest rate on the term loan was modified at no cost from LIBOR (1% floor) plus 6.50% to LIBOR (1% floor) plus a rate from the table below:     PricingLevel   Total Net Leverage Ratio   ApplicableMargin I   Less than 2.50:1.00   4.75% II   Greater than or equal to 2.50:1.00

imageimage
image