debt
confidence medium
sentiment neutral
materiality 0.30
Avalon Holdings extends Wesbanco credit line maturity to July 31, 2028; $3.2M drawn
AVALON HOLDINGS CORP
- Change in Terms Agreement dated July 28, 2026 with Wesbanco Bank, Inc. (formerly Premier Bank) pushes the line of credit maturity from July 31, 2027 out to July 31, 2028.
- $3,200,000 was drawn under the Line of Credit Agreement as of July 28, 2026.
- The amendment modifies Business Loan and Promissory Note Agreements originally dated September 24, 2025; other material terms were disclosed in the Sept. 24, 2025 Form 8-K.
- Borrowers are Avalon Holdings Corporation and certain wholly-owned subsidiaries; CFO and Treasurer Michael J. Havalo signed the report.
- No new pricing, rate, or covenant terms were disclosed in the body text; Exhibit 10.1 is referenced but its terms are not reproduced.