secwatch / observer
8-K filed May 26, 2023, 7:59 PM ET ticker BY CIK 0001702750
debt confidence high sentiment neutral materiality 0.55

BYLINE BANCORP, INC. (BY): debt financing — Byline Bancorp enters into $35M credit agreement with CIBC Bank USA

BYLINE BANCORP, INC.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BYLINE BANCORP, INC. incurred term loan of $20,000,000 with CIBC Bank USA maturing May 26, 2026.

Instrument
term loan
Principal
$20,000,000
Counterparty
CIBC Bank USA
Maturity
May 26, 2026
Event
incurrence
Exact text from the filing
a new term loan facility in the principal amount of up to $20,000,000 with a maturity date of May 26, 2026
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BYLINE BANCORP, INC. amended revolving credit of $15,000,000 with CIBC Bank USA maturing May 26, 2024.

Instrument
revolving credit
Principal
$15,000,000
Counterparty
CIBC Bank USA
Maturity
May 26, 2024
Event
amendment
Exact text from the filing
the renewal of the revolving line-of-credit facility of up to $15,000,000, extending its maturity date to May 26, 2024
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

BYLINE BANCORP, INC. amended Second Amended and Restated Term Loan and Revolving Credit Agreement with CIBC Bank USA valued at up to $15,000,000 revolving line-of-credit facility and up to $20,000,000 term loan facility (effective 2023-05-26).

Action
amendment
Agreement
credit facility
Counterparty
CIBC Bank USA
Value
up to $15,000,000 revolving line-of-credit facility and up to $20,000,000 term loan facility
Effective
2023-05-26
Exact text from the filing
On May 26, 2023, the Company entered into a Second Amended and Restated Term Loan and Revolving Credit Agreement (the “Second Amendment and Restatement”) with the Lender, which provides for: i) the renewal of the revolving line-of-credit facility of up to $15,000,000, extending its maturity date to May 26, 2024; and ii) a new term loan facility in the principal amount of up to $20,000,000 with a maturity date of May 26, 2026
View on SEC.gov

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BYLINE BANCORP, INC. filing history →

Source: SEC EDGAR
accession 0000950170-23-024533
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