Business Context and Reporting Period
Avalon Holdings Corporation (AWX) filed a Form 8-K on September 24, 2025, reporting the entry into a material definitive agreement. The company is incorporated in Ohio and its principal executive offices are located in Warren, Ohio.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, or margin data. The only specific financial metric disclosed relates to debt:
- Debt Outstanding: $3,200,000 drawn under the Line of Credit Agreement as of September 24, 2025.
- Liquidity: The filing confirms the extension of credit availability but does not provide total cash balances or liquidity ratios.
Material Changes
The primary material change is the amendment of the existing Business Loan and Promissory Note Agreements with Wesbanco Bank, Inc. (formerly Premier Bank). Key changes include:
- Maturity Extension: The maturity date of the Line of Credit Agreement was extended from July 31, 2026, to July 31, 2027.
- Agreement Date: The Change in Terms Agreement was executed on September 24, 2025, amending the original agreement dated September 23, 2024.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or specific risk factors beyond the standard incorporation of the full agreement text. The document notes that the description of the agreement is qualified by reference to the full text filed as Exhibit 10.1.
Investor Verification Checklist
- Verify the full terms of the Change in Terms Agreement in Exhibit 10.1 for any covenants or interest rate adjustments not summarized in the text.
- Confirm the total credit facility limit to assess the remaining borrowing capacity beyond the $3,200,000 currently drawn.
- Review the original September 24, 2024, Form 8-K to understand the baseline terms of the Line of Credit Agreement prior to this extension.