Business Context and Reporting Period
Company: BYLINE BANCORP, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: May 24, 2024
Event Date: May 24, 2024 (Amendment effective May 26, 2024)
Context: The Company entered into a material definitive agreement to amend its existing credit facility with CIBC Bank USA.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or general liquidity metrics. The only specific financial figure disclosed relates to the credit facility:
- Revolving Line-of-Credit Facility: Up to $15,000,000.
Material Changes
The Company executed the First Amendment to its Second Amended and Restated Term Loan and Revolving Credit Agreement. Key changes include:
- Renewal: The revolving line-of-credit facility of up to $15,000,000 has been renewed.
- Maturity Extension: The maturity date has been extended to May 25, 2025.
Guidance, Outlook, and Risks
Management Commentary: The filing states that the description of the Amendment is a brief summary and is qualified in its entirety by the complete terms of the Amendment, which is filed as Exhibit 10.1.
Risks and Contingencies: No specific risks, contingencies, or forward-looking guidance regarding future performance are detailed in this text. The filing focuses solely on the execution of the credit agreement amendment.
Investor Verification Checklist
- Review Exhibit 10.1 for the complete terms, interest rates, covenants, and fees associated with the amended credit facility.
- Verify the effective date of the amendment (May 26, 2024) against the Company's internal records.
- Confirm the total outstanding debt levels under the renewed $15,000,000 facility in subsequent financial reports.