Item 1.01. Entry into a Material Definitive Agreement.
OnMay 20, 2020 , an indirect subsidiary ofWintrust Financial Corporation ("Wintrust"),First Insurance Funding of Canada Inc. ("First Canada) entered into the Eighth Amending Agreement, dated as ofMay 20, 2020 (the "Amendment") to the Receivables Purchase Agreement dated as ofDecember 16, 2014 (as amended, the "Receivables Purchase Agreement") by and betweenFirst Canada andCIBC Mellon Trust Company , in its capacity as trustee ofPlaza Trust ("Plaza Trust "), by its financial services agent, Royal Bank of Canada. Pursuant to the Amendment, the facility limit has been increased from$320 million to$420 million . In addition, the Amendment includes technical and ministerial changes. Additionally, pursuant to a Performance Guarantee dated as ofDecember 16, 2014 , and confirmed as ofMay 20, 2020 , made by Wintrust in favor ofPlaza Trust , Wintrust guarantees the performance of First Canada of its obligations under the Receivables Purchase Agreement ("Sixth Amendment of Performance Guarantee") and any subsequent amendments thereto. Lastly, aFee Letter byPlaza Trust datedMay 20, 2020 replaces the fee letter datedJanuary 15, 2020 ("Amendment ofFee Letter ") and modifies the fund costs, rates, notices and fees. The foregoing descriptions of the Amendment, Sixth Amendment of Performance Guarantee, and Amendment ofFee Letter are qualified in their entirety by the full text of such agreements, which are attached hereto as Exhibits 10.1, 10.2, and 10.3, respectively, and are 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.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 10.1 Eighth Amending Agreement, dated as ofMay 20, 2020 by and betweenFirst Insurance Funding of Canada Inc. andCIBC Mellon Trust , in its capacity as trustee ofPlaza Trust , by its Financial Service Agent, Royal Bank of Canada. 10.2 Performance Guarantee Confirmation made as ofMay 20, 2020 byWintrust Financial Corporation in favor ofCIBC Mellon Trust Company ,Plaza Trust . 10.3Fee Letter dated as ofMay 20, 2020 byCIBC Mellon Trust , in its capacity as trustee ofPlaza Trust , by its Financial Service Agent, Royal Bank of Canada and acknowledged byFirst Insurance Funding of Canada Inc. Cover Page Interactive Data File (embedded within the Inline XBRL 104 document) 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:May 26, 2020 3
© Edgar Online, source