secwatch.observer — SEC 8-K summary
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Issuer:     WEST BANCORPORATION INC (WTBA)
CIK:        0001166928
Form:       8-K
Filed at:   2022-06-06T23:59:59+00:00
Accession:  0001104659-22-068338
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

West Bancorporation enters $40M term loan with National Exchange Bank & Trust, matures Feb 2027
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- $40M term loan at floating rate: WSJ Prime minus 1%, floor 2.25%, maturity Feb 5, 2027.
- Secured by pledge of all capital stock of subsidiary West Bank.
- Quarterly payments begin May 5, 2023; principal due at maturity; prepayment premium for refinancing.
- Proceeds to fund capital injection into West Bank and refinance existing loan from same lender.
- Financial covenants include minimum CET1 of $250M for bank and minimum ROA of 1.00% (TTM).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166928/000110465922068338/0001104659-22-068338-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166928/000110465922068338/tm2216205d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-068338

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