Boston Omaha Corp Enters Material Agreement and Financial Obligation

TL;DR

**BOMN just took on new debt or a major contract, but the 8-K is light on details!**

AI Summary

BOSTON OMAHA Corp (BOMN) filed an 8-K on February 16, 2024, reporting events from February 14, 2024. The filing indicates the company entered into a material definitive agreement and created a direct financial obligation or an obligation under an off-balance sheet arrangement. The specific details of these agreements and obligations, including dollar amounts or counter-parties, are not provided in the summary text.

Why It Matters

This filing signals significant new commitments for Boston Omaha Corp, which could impact its financial health and future operations, though the specific nature and scale of these impacts are not yet disclosed.

Risk Assessment

Risk Level: medium — The filing indicates new financial obligations and material agreements without providing specific details, creating uncertainty about their potential impact.

Key Players & Entities

• BOSTON OMAHA Corp (company) — Registrant
• February 16, 2024 (date) — Filing date
• February 14, 2024 (date) — Date of earliest event reported
• Delaware (company) — State of Incorporation
• 1601 Dodge Street , Suite 3300 Omaha , Nebraska 68102 (company) — Business Address

FAQ

Key Financial Figures

• $0.001 — ich Registered Class A common stock , $0.001 par value per share BOC The New York
• $30,000,000 — der under which Link could borrow up to $30,000,000 in the aggregate under two term loans a
• $5,000,000 — the aggregate under two term loans and $5,000,000 under a revolving line of credit, each

Filing Documents

• bomn20240216_8k.htm (8-K) — 32KB
• ex_627601.htm (EX-10.1) — 25KB
• 0001437749-24-004563.txt ( ) — 198KB
• noticker-20240214.xsd (EX-101.SCH) — 3KB
• noticker-20240214_def.xml (EX-101.DEF) — 12KB
• noticker-20240214_lab.xml (EX-101.LAB) — 15KB
• noticker-20240214_pre.xml (EX-101.PRE) — 12KB
• bomn20240216_8k_htm.xml (XML) — 3KB

01

ITEM 1.01 ENTRY INTO A DEFINITIVE MATERIAL AGREEMENT On February 14, 2024, Link Media Holdings, Inc. (" Link "), a wholly-owned subsidiary of Boston Omaha Corporation (" BOC "), which owns and operates BOC's billboard businesses, entered into an Eighth Amendment to Credit Agreement (the " Eighth Amendment ") with First National Bank of Omaha (the " Lender "). On August 12, 2019, Link entered into a Credit Agreement, as amended (the " Credit Agreement ") with the Lender under which Link could borrow up to $30,000,000 in the aggregate under two term loans and $5,000,000 under a revolving line of credit, each guaranteed by Link's subsidiaries. The Eighth Amendment modifies the Credit Agreement to provide additional flexibility for Link to issue dividends to BOC by modifying the definition of "Consolidated Fixed Charge Coverage Ratio" in calculating the ratio to exclude a $5,000,000 dividend previously paid by Link to BOC in August 2023. All other terms regarding the Credit Agreement are unchanged. BOC does not provide any guaranty under the Credit Agreement. Each of Link's subsidiaries have guaranteed all obligations of Link under the Credit Agreement. The foregoing summary of the Eighth Amendment and the transactions contemplated thereby contained in this Item 1.01 does not purport to be a complete description and is qualified in its entirety by reference to the terms and conditions of the Eighth Amendment, a copy of which is attached as Exhibit 10.1 and incorporated herein by reference. Capitalized terms used in this Item 1.01 have the meaning given to such terms in the Eighth Amendment and Credit Agreement, as applicable.

03

ITEM 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The description contained in Item 1.01 is hereby incorporated by reference herein.

01

ITEM 8.01 OTHER EVENTS On On February 16, 2024, BOC announced that its Annual Meeting of Stockholders will be a virtual meeting which will be held on Wednesday, May 1, 2024 at 10:00 a.m. Central Time. Additional information regarding the Annual Meeting will be posted on the BOC website.

FINANCIAL STATEMENTS AND EXHIBITS

FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. The Exhibit Index set forth below is incorporated herein by reference. EXHIBIT INDEX Exhibit Number Exhibit Title 10.1 Eighth A mendment to Credit Agreement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BOSTON OMAHA CORPORATION (Registrant) By: /s/ Joshua P. Weisenburger Joshua P. Weisenburger, Chief Financial Officer Date: February 16, 2024 2

View Full Filing

View this 8-K filing on SEC EDGAR