Filing Analysis
RGC Resources' utility subsidiary, Roanoke Gas Company, entered into a $15 million unsecured delayed-draw promissory note with Pinnacle Bank on June 2, 2026. The company also executed an interest rate swap to convert the variable rate to a fixed rate of 5.13%.
📋 Key Facts
- Principal amount of the Note is $15,000,000.
- The Note is a delayed-draw facility available until September 20, 2026.
- The company intends to draw the full amount on August 20, 2026, to repay a maturing note.
- Interest rate is Term SOFR plus 100 basis points, but effectively fixed at 5.13% via an interest rate swap.
- The principal balance is due on August 20, 2029.
- The agreement is a Fourth Amendment to a Loan Agreement originally dated March 24, 2023.
RGC Resources, Inc. has updated its investor presentation for use in upcoming meetings with analysts and investors. The presentation is furnished as Exhibit 99.1 and will be posted on the company's website.
📋 Key Facts
- Updated management presentation for analyst and investor meetings
- Filed under Item 7.01 Regulation FD Disclosure
- Exhibit 99.1 contains the full investor presentation
- Report dated May 18, 2026
RGC Resources, Inc. hosted a conference call and provided a presentation regarding its second quarter fiscal 2026 operating results for the period ending March 31, 2026.
📋 Key Facts
- The filing was made on May 8, 2026, to disclose information from an analyst conference call.
- The call focused on operating results for the second fiscal quarter ending March 31, 2026.
- Exhibit 99.1 contains the earnings webcast presentation materials.
- The disclosure is furnished under Item 7.01 (Regulation FD) and is not deemed 'filed' for liability purposes.
RGC Resources, Inc. announced its financial results for the second fiscal quarter ended March 31, 2026. The company issued a press release and incorporated it into the filing under Items 2.02 and 8.01.
📋 Key Facts
- The filing reports financial results for the second fiscal quarter ending March 31, 2026.
- The report was filed on May 6, 2026.
- The press release (Exhibit 99.1) is deemed 'filed' for purposes of the Securities Exchange Act of 1934 per Item 8.01.
- Timothy J. Mulvaney (VP, Treasurer, and CFO) signed the report.
RGC Resources' subsidiary, Roanoke Gas Company, entered into a fourth amendment to its private shelf agreement with PGIM, Inc., extending the borrowing period for three years. The facility is now available through March 31, 2029, maintaining existing financial covenants regarding debt-to-capitalization ratios.
📋 Key Facts
- The Fourth Amendment to Private Shelf Agreement was signed on March 30, 2026, with PGIM, Inc. (formerly Prudential Investment Management, Inc.).
- The amendment extends the borrowing provision under the original September 30, 2015, agreement through March 31, 2029.
- Maintains a covenant limiting consolidated long-term indebtedness to no more than 65% of consolidated total capitalization.
- Maintains a covenant limiting priority indebtedness to not more than 15% of consolidated total assets.
- The agreement can be terminated by either party with a 30-day written notice.
Roanoke Gas Company, a subsidiary of RGC Resources, Inc., amended its credit agreement with Pinnacle Bank to extend the maturity date and adjust borrowing limits. The amendment extends the revolving note's maturity to March 31, 2028, with tiered borrowing capacities ranging from $20 million to $30 million.
📋 Key Facts
- The amendment was entered into on March 17, 2026, with Pinnacle Bank.
- The maturity date of the Revolving Note was extended to March 31, 2028.
- Maximum borrowing limits are tiered: $30,000,000 through March 31, 2027; $20,000,000 from April 1, 2027, to September 30, 2027; and $30,000,000 from October 1, 2027, to March 31, 2028.
- RGC Resources, Inc. maintains its existing guaranty of the subsidiary's debt.
- This is the third amendment to the original Loan Agreement dated March 24, 2023.