ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On
The purpose of the Note is to provide working capital financing for Roanoke's
operations and bridge financing for its infrastructure enhancement and
replacement projects. The Note provides for a variable interest rate based upon
30-day LIBOR and multiple-tier borrowing limits to accommodate seasonal
borrowing demands. The Note provides for borrowing limits that range from
In connection with the Note, Roanoke also entered into the Fourth 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 REGSITRANT.
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 Revolving Line of Credit Note in the original principal amount of$28,000,000 byRoanoke Gas Company in favor ofWells Fargo Bank, N.A . dated as ofMarch 26, 2020 . 10.2 Fourth Amendment to Credit Agreement by and betweenRoanoke Gas Company andWells Fargo Bank, N.A . dated as ofMarch 26, 2020 .
--------------------------------------------------------------------------------
© Edgar Online, source