Company: CRD-A
Filing Date: 2025-12-08
Form Type: 8-K
Source: 0001104659-25-119103
Chunk: 0

Company: CRAWFORD & CO
Filing Date: 2025-12-08
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive Agreement.

On December 2, 2025, Crawford &
Company (the “ Company”), its subsidiaries Crawford & Company EMEA/AP Management Ltd, Crawford & Company
(Canada) Inc. and Crawford & Company (Australia) Pty. Ltd. (the Company, together with such subsidiaries, as borrowers, the “ Borrowers”),
entered into the Third Amendment (the “ Third Amendment”) to the November 5, 2021 Credit Agreement (the “ Credit
Facility”) with Bank of America, N. A., as the Administrative Agent, the Australian Security Trustee, the UK Security Trustee, Swing
Line Lender and an L/C Issuer, and the other L/C Issuers, and other lenders party thereto, as “ Lenders.”

The Third Amendment (a) replaces the Prior
U. K. Borrower with Crawford & Company EMEA/AP Management Ltd (the “ U. K. Borrower”);, (b) releases the Prior U. K. Borrower
from its obligations with respect to the Credit Facility and (c) increases the Credit Facility to $500.0 million.

The Credit Facility consists of a $500.0 million
revolving credit facility, with a letter of credit sub-commitment of $125.0 million. The Credit Facility contains sublimits of $250.0
million for borrowings by the U. K. Borrower, $125.0 million for borrowings by the Canadian Borrower, and $75.0 million for borrowings
by the Australian Borrower. The Credit Facility matures, and all amounts outstanding thereunder, will be due and payable on December 2,
2030.

The obligations of the Borrowers under the Credit
Facility are guaranteed by each existing of our material domestic subsidiaries, certain other domestic subsidiaries, and certain existing
material foreign subsidiaries that are disregarded entities for U. S. income tax purposes (each such foreign subsidiary, a “ Disregarded
Foreign Subsidiary”), and such obligations are required to be guaranteed by each subsequently acquired or formed material domestic
subsidiary and Disregarded Foreign Subsidiary (each, a “ Guarantor”), and the obligations of the Borrowers other than us (“ Foreign
Borrowers”) for which the Company is not the primary obligor are also guaranteed by us. In addition, (i) the Borrowers’
obligations under the Credit Facility are secured