Byline Bancorp renews $15M revolving credit line
Byline Bancorp, Inc. has amended its existing financing arrangement with CIBC Bank USA.
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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.
8-K Event Classification
3 items: 1.01, 2.03, 9.01
3 items
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, or exhibit attachments filed with this report.
Key Figures
Revolving credit capacity: $15,000,000
New maturity date: May 23, 2027
Effective date of Third Amendment: May 24, 2026
+2 more
5 metrics
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
Key Terms
Second Amended and Restated Term Loan and Revolving Credit Agreement, revolving line of credit facility, First Amendment, Second Amendment, +1 more
5 terms
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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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