Wintrust amends credit agreement: term loan raised to $200M, maturity extended to 2027

WINTRUST FINANCIAL CORP

Term loan facility increased from $150M to $200M; revolving facility remains $100M.
Term loan maturity extended to December 12, 2027; revolver to December 11, 2023.
Applicable margin on SOFR loans increased from 1.55% to 1.60%.
Outstanding existing term loan paid in full upon amendment.
Loans secured by equity interests in bank subsidiaries; covenants include capital adequacy, asset quality.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WINTRUST FINANCIAL CORP amended Amended and Restated Credit Agreement with the unaffiliated banks named therein as lenders, and Wells Fargo Bank, National Association, as administrative agent for the lenders valued at $200.0 million (effective 2022-12-12).

Action: amendment
Agreement: credit facility
Counterparty: the unaffiliated banks named therein as lenders, and Wells Fargo Bank, National Association, as administrative agent for the lenders
Value: $200.0 million
Effective: 2022-12-12

Exact text from the filing

On December 12, 2022, Wintrust Financial Corporation ("Wintrust") entered into an amendment and restatement of the Credit Agreement pursuant to the Amended and Restated Credit Agreement dated as of December 12, 2022, among the Company, the unaffiliated banks named therein as lenders, and Wells Fargo Bank, National Association, as administrative agent for the lenders (the "Amended and Restated Credit Agreement").

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Source: SEC EDGAR

accession 0001015328-22-000195

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