secwatch.observer — SEC 8-K summary
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Issuer:     RGC RESOURCES INC (RGCO)
CIK:        0001069533
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001437749-23-021184
Event type: debt
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RGC Midstream credit facility maturity extended to Dec 2024; rate spread raised to 2.00%
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- Maturity date extended to December 31, 2024 (from unspecified prior date).
- Applicable margin increased from Term SOFR + 1.50% to Term SOFR + 2.00%.
- Commitment fee of $15,000 paid to lenders Atlantic Union Bank and Truist Bank.
- Guaranty by RGC Resources, Inc. reaffirmed and remains in full force.
- Loan party representations updated as of fiscal year-end Sept 30, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069533/000143774923021184/0001437749-23-021184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069533/000143774923021184/rgco20230728_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-021184

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