Item 1.01 Entry into a Material Definitive Agreement

On March 21, 2022, Cross Country Healthcare, Inc. (the "Company") amended its ABL Credit Agreement dated October 25, 2019, as amended, restated or otherwise modified from time to time, among the Company, substantially all of its wholly-owned subsidiaries, and Wells Fargo Bank N.A., as lender and administrative agent. The facility may be further syndicated at a later date. The amendment increases the current aggregate committed size of the asset-based credit facility from $150 million to $300 million, extends the credit facility for an additional five years, and increases certain borrowing base sub-limits. In addition, the agreement provides the option for all or a portion of the borrowings to bear interest at a rate based on SOFR or base rate, at the election of the borrowers, plus an applicable margin. The applicable margin will increase 10 basis points due to the credit spread associated with the transition to SOFR.

The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended ABL Credit Agreement as filed as Exhibit 10.1 to this Form 8-K.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an

Off-Balance Sheet Arrangement of a Registrant

The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated into Item 2.03 by reference.

Item 9.01 Financial Statements and Exhibits





(d) Exhibits

      Exhibit      Description

        10.1         Amendment No. 5 to ABL Credit Agreement and Amendment No. 2 to
                   Guaranty and Security Agreement, dated as of March 21, 2022, by and
                   among Cross Country Healthcare, Inc. and certain of its domestic
                   subsidiaries as borrowers or guarantors, and Wells Fargo Bank N.A., as
                   administrative agent, collateral agent, and lender

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

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