secwatch.observer — SEC 8-K summary
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Issuer:     Bridgewater Bancshares Inc (BWB)
CIK:        0001341317
Form:       8-K
Filed at:   2024-09-06T23:59:59+00:00
Accession:  0001558370-24-012656
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bridgewater Bancshares extends $40M credit line maturity to 2026, floor rate raised to 4.50%
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- Extended $40M revolving credit line maturity from Sept 1, 2024 to Sept 1, 2026 with ServisFirst Bank.
- Interest floor rate increased from 3.85% to 4.50%; variable rate based on Prime Rate.
- Borrowing limit of $40M unchanged; loan continues under existing Loan and Security Agreement.
- Amendment also includes payment of $53,375 non-use fee for prior period and $950 processing fee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1341317/000155837024012656/0001558370-24-012656-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1341317/000155837024012656/bwb-20240903x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-012656

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