RGC Resources subsidiary enters $53.6M credit agreement to refinance debt and fund pipeline expansions

RGC RESOURCES INC

Borrowed $53.6M via Credit Agreement with Atlantic Union Bank and CoBank, maturing Sept 5, 2032.
Interest rate set at one-month Term SOFR plus 155 bps; proceeds used to refinance existing debt.
Also entered loan agreements for MVP Southgate ($1.85M) and MVP expansion ($3.65M) with Atlantic Union.
Executed $35.6M interest rate swaps on a portion of the note, fixing effective annual rate of 5.061%.
Parent RGC Resources executed a guaranty for all obligations under the Credit Agreement and Notes.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.