Wintrust extends revolver to 2024, adds debt-repurchase basket

By Wendy Van Sickle

Columbus, Ohio, Dec. 12 – Wintrust Financial Corp. amended its credit agreement with Wells Fargo Bank, NA as administrative agent on Monday, extending the maturity date of the revolver to Dec. 9, 2024, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also increased the threshold amount, as defined in the agreement, to $25 million and added a $100 million basket for the repurchase of subordinated debt or preferred stock under some conditions.

Wintrust is a Rosemont, Ill.-based bank holding company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.