BYLINE BANCORP, INC. : Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Registrant Arrangement, Financial Statements and Exhibits (Form 8-K)



Item 1.01. Conclusion of a significant definitive agreement.

As stated earlier, on October 9, 2020, By Line Bancorp, Inc. (the “Company”) entered into an amended and restated first revolving credit agreement (the “Amendment and Restatement”) with CIBC United States (the “Lender”), amending and restating certain provisions of the Company’s existing revolving credit agreement with the Lender. As previously disclosed, the Company has entered into a First Amendment to the Amendment and Restatement on October 8, 2021. On October 7, 2022the Company has entered into a Second Amendment to the First Amended and Restated Revolving Credit Agreement (the “Second Amendment”) with the Lender, which provides for a revolving loan commitment of up to $15,000,000extends the due date to October 6, 2023and changes the rate to SOFR instead of LIBOR, among certain other changes, subject to the existing negative pledge agreement as of October 11, 2018.

The foregoing description of the Amendment is a brief summary only and is qualified in its entirety by the full terms of the Amendment, a copy of which is filed as Exhibit 10.1 to this report on Form 8-K. and incorporated by reference herein.

Section 2.03. Creation of a Direct Financial Obligation or an Obligation under a

           Off-Balance Sheet Arrangement of a Registrant.

The disclosure set forth in Item 1.01 above is incorporated herein by reference.

Section 9.01. Financial statements and supporting documents.

(d) Exhibits.

  No.    Description

  10.1     Second Amendment to First Amended and Restated Revolving Credit
         Agreement, dated as of October 7, 2002, by and between Byline Bancorp,
         Inc. and CIBC Bank USA
  104    Cover Page Interactive Data File (embedded within the Inline XBRL


————————————————– ——————————

© Edgar Online, source Previews

Source link


Comments are closed.