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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Boston Omaha Corporation    BOMN

BOSTON OMAHA CORPORATION

(BOMN)
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BOSTON OMAHA CORP : Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

09/04/2020 | 08:24am EST

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

On August 31, 2020, Link Media Holdings, Inc. ("Link"), a wholly-owned subsidiary of Boston Omaha Corporation ("BOC"), which owns and operates BOC's billboard businesses, borrowed $5,500,000 in a term loan under its existing credit facility with First National Bank of Omaha (the "Lender").

On August 12, 2019, Link entered into a Credit Agreement (the "Credit Agreement") with the Lender. Under the Credit Agreement, Link borrowed $18,060,000 under Term Loan 1. The Credit Agreement was filed with the Securities and Exchange Commission (the "Commission") on a Form 8-K filed with the Commission on August 13, 2019. On October 25, 2019, Link entered into a First Amendment to Credit Agreement (the "First Amendment") with the Lender, and filed the First Amendment with the Commission on a Form 8-K filed with the Commission on October 29, 2019. On June 25, 2020, Link entered into a Second Amendment to Credit Agreement (the "Second Amendment") with the Lender, and filed the Second Amendment with the Commission on a Form 8-K filed with the Commission on June 25, 2020.

Link borrowed the funds through a Term Loan 2 Note dated August 31, 2020 (the "Term Loan 2 Note"), and the $5,500,000 amount represents the Term Loan 2 Commitment as set forth in the Second Amendment.

The foregoing summary of transactions contained in this Item 2.03 does not purport to be a complete description and is qualified in its entirety by reference to the terms and conditions of the Credit Agreement, the First Amendment, the Second Amendment and the Term Loan 2 Note, a copy of which is attached as Exhibit 10.1 and incorporated herein by reference. Capitalized terms used in this Item 2.03 have the meaning given to such terms in the Second Amendment and Credit Agreement, as applicable.



Item 9.01.           FINANCIAL STATEMENTS AND EXHIBITS.

(d)           Exhibits. The Exhibit Index set forth below is incorporated herein

by reference.

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2020 46,3 M - -
Net income 2020 -2,76 M - -
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 741 M 741 M -
Capi. / Sales 2020 16,0x
Capi. / Sales 2021 13,9x
Nbr of Employees 135
Free-Float 91,4%
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Mean consensus BUY
Number of Analysts 2
Average target price 29,00 $
Last Close Price 27,21 $
Spread / Highest target 10,3%
Spread / Average Target 6,58%
Spread / Lowest Target 2,90%
Managers and Directors
NameTitle
Alexander B. Rozek Co-Chairman, Co-President & Co-CEO
Adam Kenneth Peterson Co-Chairman, Co-President & Co-CEO
Joshua P. Weisenburger Chief Financial Officer, Secretary & Treasurer
Bradford Blaise Briner Independent Director
Brendan J. Keating Independent Director
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