RGCO · RGC Resources, Inc.

Summary

On March 17, 2026, Roanoke Gas Company amended and restated its Promissory Note and entered into a Third Amendment to the Loan Agreement with Pinnacle Bank, extending the maturity date to March 31, 2028 and modifying tiered maximum borrowing limits to $30 million through March 31, 2027, $20 million from April 1 to September 30, 2027, and $30 million thereafter. The guaranty by RGC Resources, Inc. remains in effect, providing continued liquidity flexibility for the utility subsidiary.

Key takeaways

• Amendment executed March 17, 2026 by Roanoke Gas Company (Borrower), RGC Resources, Inc. (Guarantor), and Pinnacle Bank (Lender)
• Revolving Note maturity extended from March 31, 2027 to March 31, 2028
• Tiered borrowing limits: $30,000,000 through March 31, 2027; $20,000,000 April 1-September 30, 2027; $30,000,000 October 1, 2027 to maturity
• New accordion feature allows up to $5,000,000 increase at Lender's sole discretion
• All prior terms, representations, warranties, covenants, and Guaranty retained unchanged