ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On June 30, 2022, RGC Midstream, LLC ("Midstream"), a wholly-owned subsidiary of RGC Resources, Inc. ("Resources"), entered into the Fourth Amendment to Credit Agreement (the "Amendment") and corresponding amendments to the related Promissory Notes (the "Notes") with Atlantic Union Bank and Truist Bank (collectively the "Banks"). The Amendment modifies the original Credit Agreement and prior amendments between Midstream and the Banks by extending the maturity date to December 31, 2023 and replacing the 30-day LIBOR plus 1.35% interest rate on the Notes with Term SOFR plus 1.50%. The Amendment also provides for a replacement benchmark if SOFR is no longer available.

The Guaranty previously entered into by Resources in favor of the Banks 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 OF A REGISTRANT

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

ITEM 9.01 FINANCIAL STATEMENT AND EXHIBITS





(d) Exhibits.
10.1            Fourth Amendment to Credit Agreement between RGC Midstream, LLC and
              the lenders Atlantic Union Bank And Truist Bank dated June 30,
              2022.
10.2            Amended and Restated Note in the principal amount of $13,800,000 in
              favor of Atlantic Union Bank due December 31, 2023.
10.3            Amended and Restated Note in the principal amount of $9,200,000 in
              favor of Truist Bank due December 31, 2023.
104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document)

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