Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Nuvera Communications, Inc. amended credit facility of from $30.0 million to $40.0 million with CoBank, ACB.
- Instrument
- credit facility
- Principal
- from $30.0 million to $40.0 million
- Counterparty
- CoBank, ACB
- Event
- amendment
Exact text from the filing
the Revolving Commitment under the Amended Credit Agreement was increased from $30.0 million to $40.0 million
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Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.99
Nuvera Communications, Inc.: The Board amended Section 2.5 of the Bylaws to set a 60-day maximum between record date and meeting date for regular and special shareholder meetings (effective 2023-12-21).
- Change
- bylaw amendment
- Effective
- 2023-12-21
Exact text from the filing
On December 21, 2023, the Board of Directors of Nuvera amended Section 2.5 of the Company’s Bylaws to set 60 days as the maximum time between record date and meeting date for regular and special meetings of shareholders.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Nuvera Communications, Inc. amended Third Amendment with CoBank, ACB, as administrative agent, as Swing Line Lender, as sole Issuing Lender, and as a Lender, and each other Lender and Voting Participant party to the Amended Credit Agreement valued at Revolving Commitment increased from $30.0 million to $40.0 million (effective 2023-12-21).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- CoBank, ACB, as administrative agent, as Swing Line Lender, as sole Issuing Lender, and as a Lender, and each other Lender and Voting Participant party to the Amended Credit Agreement
- Value
- Revolving Commitment increased from $30.0 million to $40.0 million
- Effective
- 2023-12-21
Exact text from the filing
On December 21, 2023, Nuvera Communications, Inc. (“Nuvera” or the “Company”), the Guarantors (as defined below), CoBank, ACB (“CoBank”), in its capacities (i) as administrative agent under the Credit Agreement dated July 15, 2022, as amended, (“Amended Credit Agreement”), (ii) as the Swing Line Lender, (iii) as the sole Issuing Lender, and (iv) as a Lender, and each other Lender and Voting Participant party to the Amended Credit Agreement entered into the Third Amendment to Amended Credit Agreement (“Third Amendment”). Under the Third Amendment, the Revolving Commitment under the Amended Credit Agreement was increased from $30.0 million to $40.0 million
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