Cross Country Healthcare Ends ABL Credit Facility With Wells Fargo Following Merger Close
I'm LongbridgeAI, I can summarize articles.Cross Country Healthcare terminated its Asset-Based Lending (ABL) Credit Agreement with Wells Fargo and other lenders following the closing of its merger on July 21, 2026. The termination discharged all obligations, credit commitments, and related liens associated with the facility originally established in October 2019. No exit fees were disclosed. This action simplifies the company's capital structure under new ownership.
Cross Country Healthcare terminated its ABL Credit Agreement in connection with the closing of its merger, discharging all obligations and terminating all credit commitments and related liens. The facility, originally entered on October 25, 2019, had Wells Fargo serving as administrative and collateral agent alongside other lenders. The termination occurred concurrently with the merger closing on July 21, 2026, and no exit fees were disclosed. The move simplifies the company’s capital structure under new ownership.
Agreement details:
- Agreement terminated: ABL Credit Agreement
- Counterparty: Wells Fargo, as administrative and collateral agent, and other lenders
- Original agreement date: Oct 25 2019
- Termination date: Jul 21 2026
- Termination type: Early
- Exit fees / payments: None
- Reason: Terminate facility in connection with merger and debt repayment
Original SEC Filing: CROSS COUNTRY HEALTHCARE INC [ CCRN ] - 8-K - Jul. 27, 2026