ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On
The proceeds from this note will be used to finance Roanoke's infrastructure
enhancement and replacement projects, as well as to refinance a portion of
Roanoke's existing debt. The Note has an interest rate of 1.20% above 30-day
SOFR Average per annum with interest paid monthly. The outstanding principal
balance of the Note is due on
Also, on
In connection with the Note, Roanoke also entered into the Sixth Amendment to
Credit Agreement as of
The Continuing Guaranty previously entered into by Resources with Wells Fargo remains in effect.
ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN
OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT
The information required by this Item 2.03 is set forth in Item 1.01 above in respect of the Note, which is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENT AND EXHIBITS
(d) Exhibits. 10.1 Delayed Draw Term Note in the principal amount of$15,000,000 byRoanoke Gas Company withWells Fargo Bank, N.A. dated as ofAugust 20, 2021 10.2 Sixth Amendment to Credit Agreement by and betweenRoanoke Gas Company andWells Fargo Bank, N.A. , including Guarantor's Consent and Reaffirmation, dated as ofAugust 20, 2021 10.3 Swap Agreement by and betweenRoanoke Gas Company andWells Fargo Bank , N.A., executed onAugust 20, 2021 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
--------------------------------------------------------------------------------
© Edgar Online, source