Byline Bancorp issues $75M 6.875% sub notes due 2035, redeems $75M 6.00% notes due 2030

BYLINE BANCORP, INC.

Issued $75.0M aggregate principal of 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035.
Net proceeds to redeem $75.0M of outstanding 6.00% Fixed-to-Floating Subordinated Notes due 2030.
Notes qualify as Tier 2 regulatory capital; fixed rate 6.875% until 2030 then floating at 3M SOFR+322bps.
Piper Sandler sole placement agent; notes unregistered private placement.

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