{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-131438","form_type":"8-K","ticker":"BCG","cik":"0001953984","company_name":"Binah Capital Group, Inc.","filed_at":"2024-12-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.430018+00:00","generated_at":"2026-05-28T23:25:40.447716+00:00","sec_items":["1.01","1.02","2.03","3.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Binah Capital enters $20.3M credit agreement with Byline Bank, refinances prior facility","bullets":["$20.3M term loan from Byline Bank, matures December 23, 2029; variable rate based on Term SOFR plus applicable margin.","Proceeds used to repay and terminate existing $25M Oak Street credit facility.","Amended Series A Preferred Stock: dividends may be paid up to 50% in additional shares if no senior default under new credit agreement.","Financial covenants: fixed charge coverage ≥1.20x, senior net leverage ≤3.00x (stepping to 2.75x), annualized revenue from custodians ≥$18M.","Also includes $1M non-revolving loan commitment and letter of credit facility."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-131438","json":"https://secwatch.observer/filing/0001104659-24-131438.json","markdown":"https://secwatch.observer/filing/0001104659-24-131438.md","text":"https://secwatch.observer/filing/0001104659-24-131438.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1953984/000110465924131438/0001104659-24-131438-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1953984/000110465924131438/tm2431922d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T23:25:40.447716+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}