RGC Resources, Inc. has amended and restated a revolving credit facility for its utility subsidiary, Roanoke Gas Company. The agreement, originally executed on March 24, 2023, and previously amended multiple times, was modified on October 29, 2026.
The amendment, executed with Pinnacle Bank, extended the maturity date of the promissory note to March 31, 2029. The facility's maximum borrowing limits were adjusted to tiered amounts effective immediately:
- $50,000,000 from October 29, 2026, through September 30, 2027
- $30,000,000 from October 1, 2027, through March 31, 2028
- $20,000,000 from April 1, 2028, through September 30, 2028
- $30,000,000 from October 1, 2028, through March 31, 2029
All other terms and requirements of the original agreement were retained, and the existing guarantee remains in effect.
