Date of Report: September 3, 2009(Date of earliest event reported) |
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Corning Natural Gas Corporation |
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New York of incorporation) |
000-00643 File Number) |
16-0397420 Identification No.) |
330 West William Street, Corning, New York |
14830 |
(607) 936-3755 (Registrant's telephone number, including area code) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 |
Other Events |
On September 3, 2009, Corning Natural Gas Corporation and Community Bank N.A. signed a commitment letter to renew the Company's existing $8.0 million revolving line of credit. The line of credit will be due and payable in full on the earlier to occur of (1) March 3, 2010, (2) the date of demand by Community Bank, or (3) the date of an event or default, as defined in the Credit Agreement, unless extended by Community Bank. The line of credit bears interest annually at a fluctuating rate equal to the greater of 4% or the 30 day Libor Rate plus 2.25%. Payments of accured and unpaid interest will be payable monthly beginning on October 1, 2009.
Item 9.01 |
Financial Statements and Exhibits. |
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(d) |
Exhibits |
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10.1 - Commitment letter dated August 26, 2009 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Corning Natural Gas Corporation By: /s/ Firouzeh Sarhangi Name: Firouzeh Sarhangi |
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Dated: September 3, 2009 |
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EXHIBIT INDEX
Exhibit Number Description
10.1 - Commitment letter dated August 26, 2009