Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.89
BOSTON OMAHA Corp amended revolving credit of Increase of revolving line of credit from $5,000,000 to $10,000,000 with First National Bank of Omaha at Fee to maintain the revolving line of credit is 20 basis points per year.
- Instrument
- revolving credit
- Principal
- Increase of revolving line of credit from $5,000,000 to $10,000,000
- Counterparty
- First National Bank of Omaha
- Rate
- Fee to maintain the revolving line of credit is 20 basis points per year
- Event
- amendment
Exact text from the filing
The Seventh Amendment modifies the Credit Agreement to provide additional flexibility for Link by increasing the revolving line of credit from $5,000,000 to $10,000,000. The fee to maintain the revolving line of credit is 20 basis points per year.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
BOSTON OMAHA Corp amended Seventh Amendment to Credit Agreement with First National Bank of Omaha valued at increased revolving line of credit from $5,000,000 to $10,000,000 (effective 2023-09-22).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- First National Bank of Omaha
- Value
- increased revolving line of credit from $5,000,000 to $10,000,000
- Effective
- 2023-09-22
Exact text from the filing
On September 22, 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 Seventh Amendment to Credit Agreement (the “ Seventh Amendment ”) with First National Bank of Omaha (the “ Lender ”).
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