RGC Resources, Inc. filed a Form 8-K on November 2, 2026, disclosing that its utility subsidiary Roanoke Gas Company amended and restated its revolving promissory note and entered into a Fifth Amendment to its Loan Agreement with Pinnacle Bank, effective October 29, 2026.

Key Highlights

  • Maturity extended: The Revolving Note's maturity date was extended to March 31, 2029.
  • Peak borrowing limit: The maximum borrowing capacity is $50,000,000 from October 29, 2026 through September 30, 2027.
  • Tiered limits: The borrowing limit steps down to $30,000,000, then $20,000,000, then back to $30,000,000 across subsequent periods through March 31, 2029.
  • Fifth amendment: This is the fifth amendment to the original Loan Agreement first entered on March 24, 2023, with prior amendments on March 31, 2024, March 31, 2025, March 17, 2026, and June 2, 2026.
  • Guaranty retained: The Guaranty previously entered into by RGC Resources with Pinnacle Bank remains in effect, along with all previous representations, warranties, and covenants.
  • All other terms retained: According to the filing, all other terms and requirements of the Revolving Note and Loan Agreement, as previously amended, were retained.

Roanoke Gas Company Revises Borrowing Structure with Pinnacle Bank

According to the filing, Roanoke Gas Company, the utility subsidiary of RGC Resources, Inc. (NASDAQ:RGCO), amended and restated its Promissory Note and entered into a Fifth Amendment to its Loan Agreement with Pinnacle Bank on October 29, 2026. The amendment extended the maturity date of the Revolving Note from its prior term to March 31, 2029, and restructured the maximum tiered borrowing limits over that period.

The filing disclosed the following tiered maximum borrowing limits under the amended Loan Agreement: $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; and $30,000,000 from October 1, 2028 through March 31, 2029. The original Loan Agreement was entered on March 24, 2023, and had been previously amended four times before this fifth amendment.

The registrant reported that the Guaranty previously entered into by RGC Resources with Pinnacle Bank remains in effect, and all previous representations, warranties, and covenants were preserved. The filing was signed by Timothy J. Mulvaney, Vice President, Treasurer and Chief Financial Officer, in his capacity as Principal Financial Officer. Exhibits filed include the Second Amended and Restated Promissory Note and the Fifth Amendment to Amended and Restated Loan Agreement, both dated October 29, 2026.

What Was Disclosed

RGC Resources disclosed via an 8-K that Roanoke Gas Company amended its revolving credit arrangement with Pinnacle Bank, extending the maturity to March 31, 2029 and establishing tiered maximum borrowing limits peaking at $50,000,000, while retaining all other existing terms and guarantees.