Wintrust amends credit facility: maturity extended to Dec 2024, adds $100M sub-debt/preferred repurchase basket

WINTRUST FINANCIAL CORP

Second Amendment to Amended and Restated Credit Agreement dated Dec 11, 2023.
Revolving credit maturity date extended from Dec 11, 2023 to Dec 9, 2024.
Threshold Amount increased to $25 million.
New $100M aggregate basket added for repurchase of subordinated debt or preferred stock.
Wells Fargo remains administrative agent; lenders include RBC and U.S. Bank.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

WINTRUST FINANCIAL CORP amended Amended and Restated Credit Agreement with Wells Fargo Bank, National Association valued at Amendment to credit agreement increasing Threshold Amount to $25 million, adding $100 million basket (effective 2023-12-11).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association
Value: Amendment to credit agreement increasing Threshold Amount to $25 million, adding $100 million basket
Effective: 2023-12-11

Exact text from the filing

On December 11, 2023, Wintrust Financial Corporation ("Wintrust") entered into the Second Amendment, dated December 11, 2023, (the "Amendment") to the Amended and Restated Credit Agreement dated as of December 12, 2022 (as previously amended, the "Amended and Restated Credit Agreement") among Wintrust, the lenders named therein, and Wells Fargo Bank, National Association, as administrative agent.

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Source: SEC EDGAR

accession 0001015328-23-000221

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