RGCO RGC RESOURCES INC
Price Chart
Executive Summary
RGC Resources' utility subsidiary, Roanoke Gas Company, entered into a $15 million delayed-draw term loan with Pinnacle Bank, secured by a promissory note and an interest rate swap that fixes the effective rate at 5.13%. The proceeds will be used to repay a maturing note on August 20, 2026, and the loan matures on August 20, 2029. This is a routine refinancing of existing debt with no change to the company's overall credit profile.
Key Financial Metrics
Actionable Insight
This is a straightforward refinancing of a maturing note with no change in leverage or credit quality. Monitor the upcoming 10-Q for any shift in the debt maturity profile or interest coverage ratios, but no immediate trading catalyst is present.
Key Facts
- Roanoke Gas Company (wholly owned subsidiary of RGC Resources) executed a $15,000,000 delayed-draw term loan with Pinnacle Bank on June 2, 2026.
- The loan carries an interest rate of Term SOFR plus 100 basis points, swapped to a fixed rate of 5.13% via an interest rate swap.
- Proceeds will be used to repay a maturing note on August 20, 2026; the loan matures on August 20, 2029.
- The existing $30 million revolving credit facility and all prior loan terms remain unchanged.
- RGC Resources (parent) guarantees the loan under its existing guaranty agreement.
Financial Impact
$15 million delayed-draw term loan at Term SOFR + 100 bps, swapped to 5.13% fixed; $15,000 origination fee (0.10% of committed amount).
Risk Factors
- Interest rate risk: if Term SOFR rises significantly, the floating-rate component could increase interest expense, though the swap mitigates this for the full $15 million.
- Refinancing risk: the loan matures in ~3 years; if credit conditions tighten, refinancing terms could be less favorable.
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-019526 |
| Exhibit: ex_971935.htm | 0001437749-26-019526 |
| Exhibit: ex_971936.htm | 0001437749-26-019526 |
| Document: 0001437749-26-019526-index-headers.html | 0001437749-26-019526 |
| Document: 0001437749-26-019526-index.html | 0001437749-26-019526 |
| Document: 0001437749-26-019526.txt | 0001437749-26-019526 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 4, 2026
2d ago
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8-K
| $22.40 $22.93 | ▲ +2.37% | ▲ +4.96% | $22.93 (+2.37%) |
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Jun 3, 2026
3d ago
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Insider Cluster
| $22.27 $22.40 | ▲ +0.58% | ▲ +0.18% | $22.93 (+2.96%) |
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May 18, 2026
19d ago
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8-K
| $22.57 $23.21 | ▲ +2.84% | ▲ +3.49% | $22.93 (+1.60%) |
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May 8, 2026
29d ago
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8-K
| $23.20 $23.05 | ▼ −0.65% | ▼ −0.88% | $22.93 (−1.16%) |
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May 6, 2026
4w ago
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8-K
| $23.65 $23.20 | ▼ −1.90% | ▼ −2.73% | $22.93 (−3.04%) |
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May 1, 2026
5w ago
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Insider Cluster
| $24.40 $22.85 | ▼ −6.35% | ▼ −6.01% | $22.93 (−6.02%) |
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Apr 24, 2026
6w ago
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Press Release
| $21.85 $22.24 | ▲ +1.78% | ▲ +2.27% | $22.93 (+4.94%) |
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Apr 1, 2026
9w ago
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Insider Cluster
| $21.44 $21.51 | ▲ +0.32% | ▲ +0.24% | $22.93 (+6.93%) |
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Mar 2, 2026
13w ago
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Insider Cluster
| $21.90 $22.13 | ▲ +1.04% | ▲ +1.95% | $22.93 (+4.71%) |
US Market Status
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