---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-21-010892"
form_type: "8-K"
ticker: "BDCO"
cik: "0000793306"
company_name: "BLUE DOLPHIN ENERGY CO"
filed_at: "2021-10-07T23:59:59+00:00"
generated_at: "2026-06-28T22:24:04.897613+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Blue Dolphin subsidiary Nixon Product Storage secures $10M term loan at 5.75%

## Summary
- Loan of $10M from Greater Nevada Credit Union; 10-year term, fixed rate 5.75%.
- Interest-only payments for first 36 months, then principal + interest through Oct 2031.
- Proceeds used for working capital and closing costs.
- Secured by deed of trust on ~56 acres and improvements in Wilson County, TX.
- Loan includes customary covenants: debt service coverage, debt-to-net worth, current ratio.

## SEC filing metadata
- accession: 0001654954-21-010892
- form_type: 8-K
- ticker: BDCO
- cik: 0000793306
- company_name: BLUE DOLPHIN ENERGY CO
- filed_at: 2021-10-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/793306/000165495421010892/0001654954-21-010892-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/793306/000165495421010892/bdco_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-21-010892
- JSON: https://secwatch.observer/filing/0001654954-21-010892.json
- Plain text: https://secwatch.observer/filing/0001654954-21-010892.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.