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Byline Bancorp (NYSE: BY) extends $15M credit facility to 2027

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Byline Bancorp, Inc. has amended its existing financing arrangement with CIBC Bank USA. The Third Amendment to the Second Amended and Restated Term Loan and Revolving Credit Agreement renews the Company’s revolving line of credit facility of up to $15,000,000 and extends its maturity date to May 23, 2027. The amendment was entered into on May 22, 2026 and is effective May 24, 2026, continuing a pattern of annual renewals of the same facility and terms.

Positive

  • None.

Negative

  • None.
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Revolving credit capacity $15,000,000 Maximum size of renewed revolving line of credit
New maturity date May 23, 2027 Maturity of revolving line of credit after Third Amendment
Effective date of Third Amendment May 24, 2026 Date Third Amendment to credit agreement becomes effective
Prior maturity date May 24, 2026 Maturity set under Second Amendment to credit agreement
Original renewal amount 2024 $15,000,000 Revolving line renewed under First Amendment effective May 26, 2024
Second Amended and Restated Term Loan and Revolving Credit Agreement financial
"entered into a Second Amended and Restated Term Loan and Revolving Credit Agreement with CIBC Bank USA"
revolving line of credit facility financial
"the renewal of the revolving line of credit facility of up to $15,000,000"
First Amendment financial
"entered into the First Amendment to the Second Amended and Restated Term Loan and Revolving Credit Agreement"
Second Amendment financial
"entered into the Second Amendment to the Second Amended and Restated Term Loan and Revolving Credit Agreement"
A second amendment is the second formal change made to a company’s legal agreement or contract—such as a loan, lease, shareholder pact, or merger document—and updates the rules that govern that relationship. For investors, it matters because these changes can alter payment terms, deadlines, rights or protections (like who controls decisions or how much debt a company can take), which can affect a company’s risk, cash flow and value; think of it as the second revised rulebook that stakeholders must follow.
Third Amendment financial
"entered into the Third Amendment to the Second Amended and Restated Term Loan and Revolving Credit Agreement"
Understanding 8-K Material Events →
false000170275000017027502026-05-222026-05-22

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 22, 2026

BYLINE BANCORP, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction

of Incorporation)

 

 

 

001-38139

36-3012593

(Commission

File Number)

(I.R.S. Employer

Identification No.)

 

 

180 North LaSalle Street, Suite 300

 

Chicago, Illinois

60601

(Address of Principal Executive Offices)

(Zip Code)

(773) 244-7000

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock

BY

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

Item 1.01.

 

Entry into a Material Definitive Agreement.

 

 

As previously disclosed, on May 26, 2023, Byline Bancorp, Inc. (the “Company”) entered into a Second Amended and Restated Term Loan and Revolving Credit Agreement with CIBC Bank USA (the “Lender”). As also previously disclosed, on May 24, 2024, the Company entered into the First Amendment to the Second Amended and Restated Term Loan and Revolving Credit Agreement (the “First Amendment") with the Lender, which was effective May 26, 2024, and provided for (1) the renewal of the revolving line-of- credit facility of up to $15,000,000, and (2) extending its maturity date to May 25, 2025. As further previously disclosed, on May 21, 2025, the Company entered into the Second Amendment to the Second Amended and Restated Term Loan and Revolving Credit Agreement (the “Second Amendment”) with the Lender, which was effective May 25, 2025, and provided for (1) the renewal of the revolving line-of-credit of up to $15,000,000, and (2) extending its maturity date to May 24, 2026.

On May 22, 2026, the Company entered into the Third Amendment to the Second Amended and Restated Term Loan and Revolving Credit Agreement (the “Third Amendment”) with the Lender, which was effective May 24, 2026, and provides for (1) the renewal of the revolving line of credit facility of up to $15,000,000, and (2) extending its maturity date to May 23, 2027.

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

 

 

Item 2.03.

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

 

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

 

Item 9.01.

Financial Statements and Exhibits.

 

 

(d) Exhibits.

Exhibit

No.

 

Description

 

 

10.1

Third Amendment to Second Amended and Restated Term Loan and Revolving Credit Agreement, dated May 22, 2026, but effective May 24, 2026, by and between Byline Bancorp, Inc. and CIBC Bank USA

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

2

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

 

 

 

 

BYLINE BANCORP, INC.

 

 

 

 

Date: May 22, 2026

 

By:

/s/ Robert R. Herencia

 

 

Name:

Roberto R. Herencia

 

 

Title:

Executive Chairman and CEO

 

3

Source: View Original Filing on SEC EDGAR

FAQ

What did Byline Bancorp (BY) change in its credit agreement with CIBC Bank USA?

Byline Bancorp entered a Third Amendment to its Term Loan and Revolving Credit Agreement with CIBC Bank USA, renewing a revolving line of credit of up to $15,000,000 and extending its maturity to May 23, 2027, effective May 24, 2026.

What is the size of Byline Bancorp’s revolving credit facility with CIBC Bank USA?

The revolving credit facility provides Byline Bancorp with access to up to $15,000,000. This amount was renewed under the Third Amendment, maintaining the same maximum borrowing capacity under the revolving line of credit with CIBC Bank USA.

When does Byline Bancorp’s renewed revolving credit facility now mature?

Under the Third Amendment, the maturity date of Byline Bancorp’s revolving line of credit is extended to May 23, 2027. The amendment was signed on May 22, 2026 and became effective on May 24, 2026.

How has Byline Bancorp’s revolving credit facility evolved over recent years?

Byline Bancorp’s revolving credit facility with CIBC Bank USA has been renewed several times, each time preserving the up to $15,000,000 capacity and extending maturity by roughly one year, including amendments effective in May 2024, May 2025, and May 2026.

Which bank provides Byline Bancorp’s $15 million revolving line of credit?

CIBC Bank USA provides Byline Bancorp’s revolving line of credit. The parties entered a Third Amendment on May 22, 2026, effective May 24, 2026, to renew the facility and extend its maturity date to May 23, 2027.

Where can investors find the full terms of Byline Bancorp’s Third Amendment?

The complete Third Amendment to the Second Amended and Restated Term Loan and Revolving Credit Agreement is filed as Exhibit 10.1, dated May 22, 2026 and effective May 24, 2026, and is incorporated by reference in Byline Bancorp’s current report.

Filing Exhibits & Attachments

2 documents

Agreements & Contracts

Other Documents