Boston Omaha's Link Media amends credit agreement to exclude investment CapEx from fixed charge ratio

BOSTON OMAHA Corp

Sixth Amendment modifies Consolidated Fixed Charge Coverage Ratio to deduct only Maintenance Capital Expenditures, not Investment Capital Expenditures.
Corrects scrivener's error: Term Loan monthly payment set at $222,728.16, dropping to $159,278.81 after amortization adjustment election.
Unfinanced Investment Capital Expenditures limited to the Investment Capital Expenditure Available Amount per test period.
All 10 Link Media subsidiaries reaffirm their guaranty under the credit agreement.
Total borrowing capacity unchanged: $30M term loans and $5M revolver with First National Bank of Omaha.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BOSTON OMAHA Corp amended Sixth Amendment to Credit Agreement with First National Bank of Omaha (effective 2023-04-06).

Action: amendment
Agreement: credit facility
Counterparty: First National Bank of Omaha
Effective: 2023-04-06

Exact text from the filing

On April 6, 2023, Link Media Holdings, Inc. (“ Link ”), a wholly-owned subsidiary of Boston Omaha Corporation (“ BOC ”), which owns and operates BOC’s billboard businesses, entered into a Sixth Amendment to Credit Agreement (the “ Sixth Amendment ”) with First National Bank of Omaha (the “ Lender ”).

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BOSTON OMAHA Corp filing history →

Source: SEC EDGAR

accession 0001437749-23-010007

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