secwatch.observer — SEC 8-K summary
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Issuer:     BYLINE BANCORP, INC. (BY)
CIK:        0001702750
Form:       8-K
Filed at:   2022-10-14T23:59:59+00:00
Accession:  0000950170-22-019558
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Byline Bancorp extends $15M credit facility maturity to Oct 2023, switches to SOFR
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- Revolving loan commitment remains at $15 million, maturity extended from Oct 7, 2022 to Oct 6, 2023.
- Interest rate benchmark changed from LIBOR to SOFR (Term SOFR + 195 bps) with a floor of 2.00%.
- Existing LIBOR-based loans converted to SOFR loans with 1-month interest period; no breakage fees.
- Amendment updates definitions and loan procedures; no change to negative pledge agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702750/000095017022019558/0000950170-22-019558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702750/000095017022019558/by-20221007.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-019558

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer