{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-006939","form_type":"8-K","ticker":"RGCO","cik":"0001069533","company_name":"RGC RESOURCES INC","filed_at":"2024-03-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.283605+00:00","generated_at":"2026-06-05T01:05:47.663370+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"RGC Midstream amends credit facility to $25M, extends maturity; pauses principal payments on $8M note","bullets":["Credit facility increased from $23M to $25M; maturity extended to Dec 31, 2025.","Interest rate currently Term SOFR+2.00%; can drop to +1.75% after MVP operational, +1.55% after MVP distributions.","Truist Bank assigned its outstanding portion to Atlantic Union Bank.","Principal payments on $8M note halted until April 1, 2025; then quarterly $400k payments; maturity Jan 1, 2028.","Guarantee by RGC Resources remains in full force."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-006939","json":"https://secwatch.observer/filing/0001437749-24-006939.json","markdown":"https://secwatch.observer/filing/0001437749-24-006939.md","text":"https://secwatch.observer/filing/0001437749-24-006939.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1069533/000143774924006939/0001437749-24-006939-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1069533/000143774924006939/rgco20240306_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T01:05:47.663370+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d19cb49b720880781865e39846a1742fa3d4bd8e","claim":"RGC RESOURCES INC amended credit facility of increased from $23 million to $25 million with Atlantic Union Bank at Term SOFR plus 2.00%, with potential reductions to Term SOFR plus 1.75% and then maturing extended to December 31, 2025.","evidence_excerpt":"On March 6, 2024, RGC Midstream, LLC (“Midstream”), a wholly owned subsidiary of RGC Resources, Inc. (“Resources”), entered into the Sixth Amendment to Credit Agreement (the \"Amendment\") with Atlantic Union Bank (the \"Bank\"). As part of the Amendment, Truist Bank, a Lender under the original Credit Agreement and prior amendments, assigned their outstanding portion to the Bank. Additionally, the Amendment modifies the original Credit Agreement and prior amendments between Midstream and the Bank by increasing the availability from $23 million to $25 million and extending the maturity date to December 31, 2025. The interest rate currently remains unchanged at Term SOFR plus 2.00%, however, the Amendment allows for a reduction in the interest rate to Term SOFR plus 1.75% upon operation of the Mountain Valley Pipeline (\"MVP\") and a further reduction to Term SOFR plus 1.55% once distributions from MVP have commenced.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1069533/000143774924006939/0001437749-24-006939-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"increased from $23 million to $25 million"},{"label":"Counterparty","value":"Atlantic Union Bank"},{"label":"Rate","value":"Term SOFR plus 2.00%, with potential reductions to Term SOFR plus 1.75% and then"},{"label":"Maturity","value":"extended to December 31, 2025"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"793e41a2a165b112fe3645dc8edf5eb5bd8fe6c7","claim":"RGC RESOURCES INC amended Note Modification Agreement with Atlantic Union Bank (effective 2024-03-06).","evidence_excerpt":"Also, on March 6, 2024, Midstream entered into a Note Modification Agreement (the \"Agreement\") with the Bank related to the unsecured Promissory Note (the \"Note\") with an original principal amount of $8,000,000 dated November 1, 2021, as amended.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1069533/000143774924006939/0001437749-24-006939-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Atlantic Union Bank"},{"label":"Effective","value":"2024-03-06"}],"fact_type":"material_agreement"},{"claim_id":"85485b07b0c548730958d408dfe85e318d9cec41","claim":"RGC RESOURCES INC amended Sixth Amendment to Credit Agreement with Atlantic Union Bank (effective 2024-03-06).","evidence_excerpt":"On March 6, 2024, RGC Midstream, LLC (“Midstream”), a wholly owned subsidiary of RGC Resources, Inc. (“Resources”), entered into the Sixth Amendment to Credit Agreement (the \"Amendment\") with Atlantic Union Bank (the \"Bank\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1069533/000143774924006939/0001437749-24-006939-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Atlantic Union Bank"},{"label":"Effective","value":"2024-03-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}