First Mid obtains lender consent for Blackhawk merger; expects close by Aug 15

FIRST MID BANCSHARES, INC.

Seventh Amendment to credit agreement with Northern Trust Company consented to Blackhawk Bancorp merger.
Merger to close by Aug 15, 2023; all regulatory and shareholder approvals received or expected by Sept 11, 2023.
Blackhawk Bancorp will merge into Eagle Sub LLC, a new wholly-owned subsidiary of First Mid.
Post-merger, Blackhawk Bank will merge into First Mid Bank & Trust; related subsidiaries will be dissolved.

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

FIRST MID BANCSHARES, INC. amended Seventh Amendment with The Northern Trust Company valued at $15 million (effective 2023-08-04).

Action: amendment
Agreement: credit facility
Counterparty: The Northern Trust Company
Value: $15 million
Effective: 2023-08-04

Exact text from the filing

On August 4, 2023, First Mid Bancshares, Inc. (the “Company”) entered into a Seventh Amendment (the “Amendment”) to its Sixth Amended and Restated Credit Agreement, dated as of April 12, 2019, as amended, with The Northern Trust Company evidencing a $15 million revolving loan.

View on SEC.gov

Browse all material agreements →

FIRST MID BANCSHARES, INC. filing history →

Source: SEC EDGAR

accession 0001171843-23-005055

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.