RGC RESOURCES INC 8-K

What Happened
RGC RESOURCES INC (RGCO) announced it entered into a Fourth Amendment to its Private Shelf Facility Agreement with PGIM, Inc. (formerly Prudential Investment Management, Inc.) dated March 30, 2026. The Amendment extends the provision allowing Roanoke to borrow under the original Shelf Agreement (initially dated September 30, 2015) for an additional three-year period through March 31, 2029, unless either party terminates with 30 days’ written notice. The Amendment preserves existing covenants applicable to issued notes.

Key Details

• Fourth Amendment date: March 30, 2026; extension of borrowing period through March 31, 2029.
• Either party may terminate the borrowing provision with 30 days’ written notice.
• Maintains existing leverage covenants: consolidated long-term indebtedness capped at 65% of consolidated total capitalization.
• Maintains priority indebtedness limit at no more than 15% of consolidated total assets.

Why It Matters
The amendment preserves RGC’s access to the private shelf borrowing arrangement for three more years, giving the company continued financing flexibility without changing the underlying leverage limits. Investors should note the existing debt covenants remain in place, which constrain how much additional long‑term and priority debt the company can take on (65% of capitalization and 15% of assets, respectively). The filing does not disclose new borrowing amounts or changes to interest/financial terms.