Avalon Holdings amends line of credit, extends maturity to July 2025

AVALON HOLDINGS CORP

Amended line of credit with Premier Bank extends maturity from July 31, 2024 to July 31, 2025.
As of September 18, 2023, $2.2 million was drawn under the facility.
The original agreement was dated May 31, 2018; previously amended July 22, 2022.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

AVALON HOLDINGS CORP amended Promissory Note Agreement (The Line of Credit Agreement) with Premier Bank valued at $2,200,000 drawn under the agreement at September 18, 2023 (effective 2023-09-18).

Action: amendment
Agreement: credit facility
Counterparty: Premier Bank
Value: $2,200,000 drawn under the agreement at September 18, 2023
Effective: 2023-09-18

Exact text from the filing

On September 18, 2023 Avalon Holdings Corporation and certain wholly-owned subsidiaries amended its existing Promissory Note Agreement (“The Line of Credit Agreement”) dated May 31, 2018 as previously amended on July 22, 2022 with Premier Bank (the “Lender”).

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Source: SEC EDGAR

accession 0001437749-23-026281

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