Financing ·
RGC Resources subsidiary extends revolving credit maturity to March 2029 with tiered limits up to $50M
RGCORgc Resources Inc
Roanoke Gas Company, the utility subsidiary of RGC Resources, Inc., amended and restated its Revolving Note and entered into a Fifth Amendment to its Loan Agreement with Pinnacle Bank. The amendment extends the maturity date of the revolving credit facility to March 31, 2029. The agreement establishes tiered maximum borrowing limits: $50 million from October 29, 2026 through September 30, 2027; $30 million from October 1, 2027 through March 31, 2028; $20 million from April 1, 2028 through September 30, 2028; and $30 million from October 1, 2028 through March 31, 2029. All other terms, representations, warranties, covenants, and the existing guaranty remain in effect. RGC Resources operates as a holding company for Roanoke Gas Company, which provides natural gas distribution services to customers in Virginia.