---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-024533"
form_type: "8-K"
ticker: "BY"
cik: "0001702750"
company_name: "BYLINE BANCORP, INC."
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T13:09:20.837039+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Byline Bancorp enters into $35M credit agreement with CIBC Bank USA

## Summary
- New revolving line of credit for up to $15M, maturing May 26, 2024.
- New term loan facility for up to $20M, maturing May 26, 2026.
- Second Amended and Restated Term Loan and Revolving Credit Agreement dated May 26, 2023; replaces prior agreements.

## SEC filing metadata
- accession: 0000950170-23-024533
- form_type: 8-K
- ticker: BY
- cik: 0001702750
- company_name: BYLINE BANCORP, INC.
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1702750/000095017023024533/0000950170-23-024533-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1702750/000095017023024533/by-20230526.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-024533
- JSON: https://secwatch.observer/filing/0000950170-23-024533.json
- Plain text: https://secwatch.observer/filing/0000950170-23-024533.txt

## Key facts
- Debt Financings
  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
  source text: a new term loan facility in the principal amount of up to $20,000,000 with a maturity date of May 26, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/1702750/000095017023024533/0000950170-23-024533-index.htm
- Debt Financings
  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
  source text: the renewal of the revolving line-of-credit facility of up to $15,000,000, extending its maturity date to May 26, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1702750/000095017023024533/0000950170-23-024533-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1702750/000095017023024533/0000950170-23-024533-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.