Wintrust Financial Corp. Enters Material Agreement

TL;DR

WTFC just signed a big deal for their Series D Preferred Stock, expect financial updates.

AI Summary

On December 6, 2024, Wintrust Financial Corp. entered into a material definitive agreement related to its Series D Preferred Stock. This agreement also creates a direct financial obligation for the registrant. The filing includes financial statements and exhibits.

Why It Matters

This filing indicates a significant financial commitment or change in the capital structure for Wintrust Financial Corp., potentially impacting its financial obligations and reporting.

Risk Assessment

Risk Level: medium — Material definitive agreements and financial obligations can introduce new risks or alter existing ones for a company.

Key Players & Entities

• WINTRUST FINANCIAL CORP (company) — Registrant
• Series D Preferred Stock (financial_instrument) — Subject of the material definitive agreement
• December 6, 2024 (date) — Date of the earliest event reported

FAQ

Filing Documents

• wtfc-20241206.htm (8-K) — 33KB
• ex101thirdamendmenttoamend.htm (EX-10.1) — 80KB
• 0001015328-24-000269.txt ( ) — 296KB
• wtfc-20241206.xsd (EX-101.SCH) — 3KB
• wtfc-20241206_def.xml (EX-101.DEF) — 16KB
• wtfc-20241206_lab.xml (EX-101.LAB) — 28KB
• wtfc-20241206_pre.xml (EX-101.PRE) — 16KB
• wtfc-20241206_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On December 6, 2024, Wintrust Financial Corporation ("Wintrust") entered into the Third Amendment to Amended and Restated Credit Agreement and First Amendment to Amended and Restated Pledge and Security Agreement, dated December 6, 2024, among Wintrust, the lenders named therein, and U.S. Bank, National Association, as administrative agent ("Amendment"). Capitalized terms used but not defined herein shall have the respective meanings ascribed to them by the Amended and Restated Credit Agreement, dated December 12, 2022 ("Amended and Restated Credit Agreement"). The Amendment provides for, among other things, (a) resignation of Wells Fargo, National Association as the administrative agent, and the appointment of U.S. Bank, National Association as successor administrative agent; (b) removal of Wells Fargo as a Revolving Credit Lender and reallocation of the Revolving Credit Exposure among the Remaining Revolving Credit Lenders; and (c) extension of the Revolving Credit Maturity Date from December 9, 2024 to December 5, 2025. The foregoing description of the Amendment is qualified in its entirety by the full text of such agreement, which is attached hereto as Exhibit 10.1, and is incorporated herein by reference. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information provided in Item 1.01 is incorporated by reference herein.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Third Amendment to Amended and Restated Credit Agreement and First Amend ment to Amended and Restated Pledge and Security Agre e ment , dated December 6, 2024, among Wintrust Financial C orporation, as Borrower, each lender party hereto , as Lenders, and U.S. Bank , National Association, as Administ rative Agent for the Lenders. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) Schedules have been omitted pursuant to Item 601(b)(2) of Regulation S-K. Wintrust agrees to furnish supplementally a copy of any omitted schedules or exhibits to the Securities and Exchange Commission upon request. 2 Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WINTRUST FINANCIAL CORPORATION (Registrant) By: /s/Kathleen M. Boege Kathleen M. Boege Executive Vice President, General Counsel and Corporate Secretary Date: December 10, 2024 3

View Full Filing

View this 8-K filing on SEC EDGAR