RGC Resources (NASDAQ: RGCO) extends $30M revolving credit line to 2028

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

RGC Resources, Inc. reported that its utility subsidiary, Roanoke Gas Company, amended and restated its revolving promissory note and entered a third amendment to its loan agreement with Pinnacle Bank.

The amendment extends the revolving note’s maturity to March 31, 2028 and sets tiered maximum borrowing limits of $30,000,000 from March 17, 2026 through March 31, 2027, $20,000,000 from April 1, 2027 through September 30, 2027, and $30,000,000 from October 1, 2027 through March 31, 2028. All other terms, including the existing guaranty by RGC Resources and prior covenants, remain in place.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

03/19/2026 - 02:07 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): March 17, 2026

RGC RESOURCES, INC.

(Exact name of Registrant as specified in its charter)

Virginia	000-26591	54-1909697
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

519 Kimball Ave., N.E. Roanoke, Virginia	24016
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: 540-777-4427

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol	Name of Each Exchange on Which Registered
Common Stock, $5 Par Value	RGCO	NASDAQ Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 if the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 1.01.

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On March 17, 2026, Roanoke Gas Company, the utility subsidiary of RGC Resources, Inc. (“Resources”), amended and restated its Promissory Note ("Revolving Note") and entered into a Third Amendment to the Loan Agreement ("Loan Agreement") (collectively, the "Amendment") with Pinnacle Bank ("Pinnacle") originally entered on March 24, 2023 and further amended on March 31, 2024 and March 31, 2025. The Amendment extended the maturity date of the Revolving Note to March 31, 2028 and modified the maximum tiered borrowing limits of the Loan Agreement to the following:

March 17, 2026 through March 31, 2027		$ 30,000,000
April 1, 2027 through September 30, 2027		20,000,000
October 1, 2027 through March 31, 2028		30,000,000

All other terms and requirements of the Promissory Note and Loan Agreement, as previously amended, were retained.

The Guaranty previously entered into by Resources with Pinnacle remains in effect, as well as all previous representations, warranties and covenants.

ITEM 2.03.

CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT

The information required by this Item 2.03 is set forth in Item 1.01 above in respect of the Revolving Note, which is incorporated herein by reference.

ITEM 9.01.

FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits
10.1	First Amendment to Amended and Restated Promissory Note and Third Amendment to Amended and Restated Loan Agreement by Roanoke Gas Company with Pinnacle Bank, dated March 17, 2026.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	RGC RESOURCES, INC.

Date: March 19, 2026	By:	/s/ Timothy J. Mulvaney
		Timothy J. Mulvaney
		Vice President, Treasurer and Chief Financial Officer
		(Principal Financial Officer)

Source: View Original Filing on SEC EDGAR

FAQ

What change did RGC Resources (RGCO) announce to its credit facility?

RGC Resources’ utility subsidiary amended its revolving note and loan agreement with Pinnacle Bank, extending the maturity to March 31, 2028. The revision keeps prior terms and covenants but adjusts the maximum borrowing limits over specified future periods.

How large is Roanoke Gas Company’s revolving credit capacity under the new terms?

The facility allows up to $30,000,000 in borrowings in two of the three defined periods and $20,000,000 in the middle period. These tiered limits apply between March 17, 2026 and March 31, 2028 under the amended loan agreement.

What are the new borrowing periods and limits for RGCO’s amended loan agreement?

From March 17, 2026–March 31, 2027 the limit is $30,000,000; April 1–September 30, 2027 it is $20,000,000; and October 1, 2027–March 31, 2028 it returns to $30,000,000. These amounts define the maximum revolving borrowings allowed.

Did RGC Resources change other terms of the Pinnacle Bank loan agreement?

No, all other terms and requirements of the promissory note and loan agreement were retained. The existing guaranty by RGC Resources, along with prior representations, warranties, and covenants, continues unchanged under the amended structure.

Which RGC Resources subsidiary is party to the amended loan agreement?

Roanoke Gas Company, the utility subsidiary of RGC Resources, is the borrower under the amended and restated promissory note and third amendment to the loan agreement. RGC Resources remains as guarantor of the obligations to Pinnacle Bank.

Who is the lender under RGC Resources’ amended revolving credit arrangement?

Pinnacle Bank is the lender under the amended and restated promissory note and third amendment to the loan agreement. The bank previously entered the facility on March 24, 2023, with amendments in March 2024 and March 2025.

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

EX-10.1 EXHIBIT 10.1 AMENDMENT TO PINNACLE LOC 37.6 KB