debt
confidence high
sentiment neutral
materiality 0.30
Wintrust amends credit agreement, extends maturity to Sept 2023 and raises interest rate spreads
WINTRUST FINANCIAL CORP
- Fifth Amendment extends revolving credit maturity date to September 12, 2023 from September 13, 2022.
- Applicable rate on Term SOFR revolving loans increased from 1.45% to 1.55%.
- Applicable rate on Base Rate revolving loans increased from 0.60% to 0.70%.
- Amendment involves Wintrust, Wells Fargo Bank as administrative agent, and multiple lenders.