Company: CRD-A
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030894
Chunk: 132

Company: CRAWFORD & CO
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 132
---

      The following is a summary of indefinite-lived intangible assets at December 31, 2024 and 2023: 

        Gross CarryingAmount

        AccumulatedImpairments

        Net CarryingValue

        (In thousands)

        December 31, 2024:

        Trade names
         
        $
        32,802

        $
        (2,072
        )
         
        $
        30,730

        December 31, 2023:

        Trade names
         
        $
        32,682

        $
        (2,072
        )
         
        $
        30,610

76

5.	Short-Term and Long-Term Debt, Including Finance LeasesLong-term debt consisted of the following at December 31, 2024 and 2023: 

        December 31,
         
        2024

        2023

        (In thousands)

        Credit Facility
         
        $
        217,979

        $
        209,000

        Finance lease and other obligations

        158

        148

        Total long-term debt and finance leases

        218,137

        209,148

        Less: portion of Credit Facility classified as short-term

        (17,740
        )

        (14,727
        )

        Less: current installments of finance leases and other obligations

        (82
        )

        (86
        )

        Total long-term debt and finance leases, less current installments
         
        $
        200,315

        $
        194,335

      On November 5, 2021, the Company, its subsidiaries Crawford & Company Risk Services Investments Limited (the "U.K. Borrower"), Crawford & Company (Canada) Inc. (the "Canadian Borrower") and Crawford & Company (Australia) Pty. Ltd. (the "Australian Borrower") (the Company, together with such subsidiaries, as borrowers (the "Borrowers")), Bank of America, N.A., as administrative agent and a lender ("Bank of America"), Wells Fargo Bank, National Association and Truist Bank as co-syndication agents and lenders, HSBC Bank USA, National Association and PNC Bank, N.A., as co-documentation agents and lenders, and the other lenders party thereto, entered into a Credit Facility (the "Credit Facility"), which replaced our prior agreement