Business Context and Reporting Period
Company: BYLINE BANCORP, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: October 10, 2019
Event: Entry into a Material Definitive Agreement regarding a credit facility amendment.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or liquidity metrics. It focuses exclusively on debt facility terms.
| Metric | Value |
|---|---|
| Revolving Loan Commitment (New) | $15,000,000 |
| Credit Facility Maturity (New) | October 9, 2020 |
| Lender | CIBC Bank USA |
Material Changes Versus Prior Period
- Commitment Increase: The revolving loan commitment was increased to $15,000,000 via the Fourth Amendment to the Revolving Credit Agreement.
- Maturity Extension: The maturity date of the Credit Facility was extended to October 9, 2020.
- Historical Context: The original agreement was entered into on October 13, 2016, and had been previously amended in 2017 and 2018.
Guidance, Outlook, and Risks
Management Commentary: The filing summarizes the amendment terms but refers to the complete terms in Exhibit 10.1 for full details. No forward-looking guidance or outlook is provided in this specific report.
Risks and Contingencies: The amendment is subject to the Negative Pledge Agreement dated October 11, 2018. The filing notes that the summary is qualified in its entirety by the complete terms of the Amendment.
Investor Verification Checklist
- Verify the specific interest rate terms and fees associated with the increased $15,000,000 commitment in Exhibit 10.1.
- Review the Negative Pledge Agreement (dated October 11, 2018) to understand restrictions on future debt or asset pledges.
- Confirm the utilization status of the credit facility to assess immediate liquidity impact.
- Check subsequent filings for any further amendments to the facility terms.