secwatch.observer — SEC 8-K summary
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Issuer:     Bridgewater Bancshares Inc (BWB)
CIK:        0001341317
Form:       8-K
Filed at:   2022-09-01T23:59:59+00:00
Accession:  0001558370-22-014147
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1341317/000155837022014147/0001558370-22-014147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1341317/000155837022014147/bwb-20220901x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-014147

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