Bridgewater Bancshares upsizes revolving credit facility to $40M, extends maturity to 2024

Bridgewater Bancshares Inc

Increased maximum principal of revolving line of credit from $25M to $40M with ServisFirst Bank.
Maturity date extended to September 1, 2024 (previously March 2024 per original agreement).
Minimum outstanding balance to avoid non-use fee raised from $12.5M to $20M; non-use fee is 0.20% annually.
Amendment and amended note executed September 1, 2022; no other terms (rate, covenants) disclosed.
Proceeds support general corporate purposes; existing $25M note replaced and not extinguished.

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