---
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"
generated_at: "2026-05-28T23:25:40.447716+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Binah Capital enters $20.3M credit agreement with Byline Bank, refinances prior facility

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-131438
- JSON: https://secwatch.observer/filing/0001104659-24-131438.json
- Plain text: https://secwatch.observer/filing/0001104659-24-131438.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.