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WSBC > SEC Filings for WSBC > Form 8-K on 25-Jul-2013All Recent SEC Filings

Show all filings for WESBANCO INC



Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligatio

Item 1.01 Entry into a Material Definitive Agreement.

WesBanco, Inc. entered into a Note Modification Agreement, effective July 22, 2013, to the Line of Credit Note (the "Note") dated August 1, 2011 by and between WesBanco, Inc. and JPMorgan Chase Bank, N.A, which extends the stated maturity date of the Note to July 31, 2014. The Note will retain the existing availability of up to $25 million, continues to provide for an interest rate based on an Adjusted LIBOR rate and requires the payment of consecutive quarterly installments of interest only and the payment of any outstanding principal at the maturity date. There were no other material changes in the terms of the Note. The Note continues to contain various conditions precedent to borrowing and affirmative and negative covenants which have not been amended. WesBanco has no outstanding balance drawn on the Note.

The foregoing description of the terms and conditions of the Note is not complete and is qualified in all respects by the actual provisions of the Note, a copy of which has been filed as an exhibit to this Current Report on Form 8-K 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 set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits

d) Exhibits: 10.1 - Note Modification Agreement between JPMorgan Chase Bank, N.A. and WesBanco, Inc.

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