secwatch.observer — SEC 8-K summary
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Issuer:     BYLINE BANCORP, INC. (BY)
CIK:        0001702750
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0000950170-25-105001
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702750/000095017025105001/0000950170-25-105001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702750/000095017025105001/by-20250807.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-105001

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