secwatch.observer — SEC 8-K summary
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Issuer:     RGC RESOURCES INC (RGCO)
CIK:        0001069533
Form:       8-K
Filed at:   2022-12-07T23:59:59+00:00
Accession:  0001437749-22-028674
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RGC Resources subsidiary extends Prudential shelf facility to $78M through Dec 2025
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- Borrowing capacity increased from $68M to $78M; shelf facility extended to December 6, 2025.
- Outstanding notes total $28M as of amendment date; covenants unchanged (max 65% debt-to-capitalization).
- Third Amendment signed Dec 6, 2022, between Roanoke Gas Co. and PGIM Inc. (Prudential).
- Amendment maintains existing covenants including priority indebtedness cap at 15% of total assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069533/000143774922028674/0001437749-22-028674-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069533/000143774922028674/rgco20221206_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-028674

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