RGC Resources Inc.
03/19/2026 | Press release | Distributed by Public on 03/19/2026 12:07
Material Agreement, Financial Obligation (Form 8-K)
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ITEM 1.01.
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ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
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On March 17, 2026, Roanoke Gas Company, the utility subsidiary of RGC Resources, Inc. ("Resources"), amended and restated its Promissory Note ("Revolving Note") and entered into a Third Amendment to the Loan Agreement ("Loan Agreement") (collectively, the "Amendment") with Pinnacle Bank ("Pinnacle") originally entered on March 24, 2023 and further amended on March 31, 2024 and March 31, 2025. The Amendment extended the maturity date of the Revolving Note to March 31, 2028 and modified the maximum tiered borrowing limits of the Loan Agreement to the following:
| March 17, 2026 through March 31, 2027 | $ 30,000,000 | |
| April 1, 2027 through September 30, 2027 | 20,000,000 | |
| October 1, 2027 through March 31, 2028 | 30,000,000 |
All other terms and requirements of the Promissory Note and Loan Agreement, as previously amended, were retained.
The Guaranty previously entered into by Resources with Pinnacle remains in effect, as well as all previous representations, warranties and covenants.
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ITEM 2.03.
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CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT
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The information required by this Item 2.03 is set forth in Item 1.01 above in respect of the Revolving Note, which is incorporated herein by reference.
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