---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-009276"
form_type: "8-K"
ticker: "RGCO"
cik: "0001069533"
company_name: "RGC RESOURCES INC"
filed_at: "2023-04-04T23:59:59+00:00"
generated_at: "2026-06-17T06:15:04.666009+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# RGC Resources amends $10M interest rate swap from LIBOR to Term SOFR

## Summary
- Amended $10M interest rate swap with Pinnacle Bank, effective April 1, 2023.
- Floating rate changed from LIBOR + 100 bps to Term SOFR + 100 bps.
- Fixed rate of 2.49% and all other terms unchanged; swap matures October 2028.
- Amendment aligns swap with variable rate on existing $10M promissory note.

## SEC filing metadata
- accession: 0001437749-23-009276
- form_type: 8-K
- ticker: RGCO
- cik: 0001069533
- company_name: RGC RESOURCES INC
- filed_at: 2023-04-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069533/000143774923009276/0001437749-23-009276-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069533/000143774923009276/rgco20230403_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-009276
- JSON: https://secwatch.observer/filing/0001437749-23-009276.json
- Plain text: https://secwatch.observer/filing/0001437749-23-009276.txt

## Key facts
- Material Agreements
  RGC RESOURCES INC amended Amendment with Pinnacle Bank valued at $10,000,000 (effective 2023-04-03).
  - Action: amendment
  - Counterparty: Pinnacle Bank
  - Value: $10,000,000
  - Effective: 2023-04-03
  source text: On April 3, 2023, Roanoke Gas Company (“Roanoke”), the utility subsidiary of RGC Resources, Inc. (“Resources”), amended and restated the $10,000,000 interest rate swap (the “Amendment”) initially entered on September 24, 2021 with Pinnacle Bank (“Pinnacle”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069533/000143774923009276/0001437749-23-009276-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.