Link Media Holdings amends credit agreement to exclude $5M dividend from covenant calculation

BOSTON OMAHA Corp

Subsidiary Link Media Holdings entered Eighth Amendment with First National Bank of Omaha on Feb 15, 2024.
Amendment excludes $5M dividend paid by Link to Boston Omaha in Aug 2023 from fixed charge coverage ratio calculation.
Change applies only for test period ending June 30, 2024; all other terms of credit agreement remain unchanged.
BOC does not guarantee the credit facility; subsidiary guarantees remain.

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 entered into Eighth Amendment to Credit Agreement with First National Bank of Omaha (effective 2024-02-14).

Action: entry
Agreement: credit facility
Counterparty: First National Bank of Omaha
Effective: 2024-02-14

Exact text from the filing

On February 14, 2024, Link Media Holdings, Inc. (“ Link ”), a wholly-owned subsidiary of Boston Omaha Corporation (“ BOC ”), which owns and operates BOC’s billboard businesses, entered into an Eighth Amendment to Credit Agreement (the “ Eighth Amendment ”) with First National Bank of Omaha (the “ Lender ”).

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Source: SEC EDGAR

accession 0001437749-24-004563

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