secwatch.observer — SEC 8-K summary
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Issuer:     BOSTON OMAHA Corp (BOC)
CIK:        0001494582
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0001437749-23-010007
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494582/000143774923010007/0001437749-23-010007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494582/000143774923010007/bomn20230403_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-010007

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