Item 1.01 Enter into a Material Definitive Agreement.

On May 4, 2022, CBIZ, Inc. (the "Company") entered into a Second Amended and Restated Credit Agreement (the "2022 Credit Facility") by and among CBIZ Operations, Inc. (the "Borrower"), CBIZ, Inc., and Bank of America, N.A., as administrative agent (the "Agent"), and the other financial institutions (collectively, the "Lenders"). The 2022 Credit Facility amends the Amended and Restated Credit Agreement, dated as of April 3, 2018 (the "2018 Credit Facility).

Key terms of the 2022 Credit Facility include:

•An increase in the facility from $400 million to $600 million;

•An extension of the maturity date by 5 years;

•An accordion feature that permits lenders to extend additional $200 million at later date;

•No change in pricing from the 2018 Credit Facility;

•Upsizing of baskets and various sublimits to reflect the increased size of the Company's business;

•A swing line facility, which provides for same-day funds to cover daily liquidity needs, increased from $25 million to $50 million.

The foregoing description of the 2022 Credit Facility does not purport to be complete and is qualified in its entirety by reference to the full text of the 2022 Credit Facility, which is attached as Exhibit 10.1 hereto, and incorporated herein by reference.




Item 9.01  Financial Statements and Exhibits
(d)  Exhibits

10.1 Second Amended and Restated Credit Agreement, dated May 4, 2022, by and among CBIZ Operations, Inc., CBIZ, Inc., Bank of America, N.A., as administrative agent, and the other financial institutions.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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