Boston Omaha Corp Files 8-K on Material Definitive Agreement

TL;DR

BOMN filed an 8-K on a new material agreement, likely a financial obligation. Watch for details.

AI Summary

Boston Omaha Corporation entered into a material definitive agreement on May 30, 2024, related to a direct financial obligation. The company, incorporated in Delaware, filed an 8-K report on June 5, 2024, detailing this obligation. The filing also includes financial statements and exhibits.

Why It Matters

This filing indicates a significant financial commitment or obligation for Boston Omaha Corporation, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements and financial obligations can introduce new risks or alter existing ones for a company.

Key Numbers

• 001-38113 — SEC File Number (Identifies the company's filings with the SEC.)
• 27-0788438 — IRS Employer Identification Number (Company's tax identification number.)

Key Players & Entities

• Boston Omaha Corporation (company) — Registrant
• May 30, 2024 (date) — Date of earliest event reported
• June 5, 2024 (date) — Date of report filing
• 1601 Dodge Street, Suite 3300 Omaha, Nebraska 68102 (address) — Principal executive office 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
• $10,000,000 — rease the revolving line of credit from $10,000,000 to $15,000,000 and extends the term of
• $15,000,000 — ving line of credit from $10,000,000 to $15,000,000 and extends the term of the revolving l

Filing Documents

• bomn20240528_8k.htm (8-K) — 32KB
• ex_680333.htm (EX-10.1) — 156KB
• ex_680334.htm (EX-10.2) — 14KB
• ex_684044.htm (EX-10.3) — 405KB
• 0001437749-24-019334.txt ( ) — 844KB
• boc-20240530.xsd (EX-101.SCH) — 3KB
• boc-20240530_def.xml (EX-101.DEF) — 11KB
• boc-20240530_lab.xml (EX-101.LAB) — 15KB
• boc-20240530_pre.xml (EX-101.PRE) — 11KB
• bomn20240528_8k_htm.xml (XML) — 3KB

01

ITEM 1.01 ENTRY INTO A DEFINITIVE MATERIAL AGREEMENT On May 30, 2024, Link Media Holdings, LLC (" Link "), a wholly-owned subsidiary of Boston Omaha Corporation (" BOC "), which owns and operates BOC's billboard businesses, entered into a Ninth Amendment to Credit Agreement (the " Ninth Amendment ") and a Second Amended and Restated Revolving Note (the " A&R Note " ) 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 Ninth Amendment modifies the Credit Agreement to increase the revolving line of credit from $10,000,000 to $15,000,000 and extends the term of the revolving line of credit through August 12, 2026, subject to earlier termination as described in the Credit Agreement. Al l other material terms of 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 Ninth Amendment, the A&R Note, the Credit Agreement 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 Ninth Amendment, the A&R Note or the Credit Agreement, copies of which are attached as Exhibit 10.1, Exhibit 10.2 and 10.3, respectively, are incorporated herein by reference. Capitalized terms used in this Item 1.01 have the meaning given to such terms in the Ninth Amendment, A&R Note 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.

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 Ninth Amendment to Credit Agreement. 10.2 Second Amended and Restated Revolving Note. 10.3 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: June 5, 2024 2

View Full Filing

View this 8-K filing on SEC EDGAR