Crawford amends loan, changing debt covenant

By Sara Rosenberg

New York, March 15 - Crawford & Co. amended its credit facility, revising the debt covenant to provide for how certain intercompany indebtedness and guarantees are treated and waiving any defaults that may have arisen prior to the amendment, according to an 8-K filed with the Securities and Exchange Commission Thursday.

The amendment also provides the company with more time to deliver post-closing documents.

The amendment was completed on March 2.

SunTrust is the administrative agent on the deal.

Crawford is an Atlanta-based provider of claims management services.

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