secwatch.observer — SEC 8-K summary
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Issuer:     RGC RESOURCES INC (RGCO)
CIK:        0001069533
Form:       8-K
Filed at:   2025-09-09T23:59:59+00:00
Accession:  0001437749-25-028650
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069533/000143774925028650/0001437749-25-028650-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069533/000143774925028650/rgco20250903c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-028650

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