Item 1.01 Entry into a Material Definitive Agreement.
Effective December 10, 2008, CBIZ, Inc. (the "Company") entered into an
Amendment to the Credit Agreement dated as of December 10, 2008 (the "the
Amendment"), by and among the Company, Bank of America, N.A., as administrative
agent (the "Agent"), and the other participating banks. The Amendment serves to
increase the commitment from $150 million to $214 million, with an accordion
feature of up to a total of $250 million.
A copy of the Amendment is filed herewith as Exhibit 10.1, and a copy of the
press release announcing the Amendment is filed herewith as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
10.1 Amendment No. 5 to Credit Agreement, dated as of December 10, 2008, by and
among CBIZ, Inc., the several financial institutions from time to time
party to the Credit Agreement and Bank of America, N.A., as administrative
agent.
99.1 Press Release of CBIZ, Inc. dated December 11, 2008 announcing Amendment
No. 5 to the Credit Agreement.
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