secwatch.observer — SEC 8-K summary
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Issuer:     RGC RESOURCES INC (RGCO)
CIK:        0001069533
Form:       8-K
Filed at:   2023-04-04T23:59:59+00:00
Accession:  0001437749-23-009276
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069533/000143774923009276/0001437749-23-009276-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069533/000143774923009276/rgco20230403_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-009276

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