Business Context and Reporting Period
Company: Boston Omaha Corporation (BOC)
Filing Type: Form 8-K (Current Report)
Date of Report: June 9, 2026
Reporting Period: Event-based report regarding a specific financing transaction on June 9, 2026.
Key Financial Metrics
This filing does not report consolidated revenue, profit, cash flow, or operating margins. It discloses a specific new financial obligation:
- New Debt Obligation: $11,484,706 (20-year term loan).
- Grant Award: $11,484,706 (Non-repayable).
- Total Funding Package: $22,969,412.
- Interest Terms: U.S. Treasury rate at time of drawdown; interest and principal deferred for three years post-drawdown.
- Guarantee: Boston Omaha Corporation has unconditionally guaranteed the loan.
Material Changes
The material change reported is the creation of a direct financial obligation by FIF Utah, LLC, a wholly-owned subsidiary of Boston Omaha Broadband, LLC. The company received final funding approval from the United States Department of Agriculture (USDA) Rural Utilities Service ReConnect Program. This funding is designated to deploy fiber to approximately 3,000 locations in qualifying markets.
Outlook, Risks, and Unusual Items
Management Commentary: The loan is structured for multiple drawdowns over a period not exceeding five years from the award date. The full text of the Guaranty will be filed as an exhibit to the Quarterly Report on Form 10-Q for the period ended June 30, 2026.
Risks/Contingencies: The loan is subject to customary events of default and remedies. The obligation is contingent upon the drawdown schedule requested by the subsidiary.
Investor Verification Checklist
- Verify the specific drawdown schedule and timing for the $11.48 million loan.
- Review the full text of the Guaranty agreement when filed in the upcoming Form 10-Q.
- Confirm the impact of the new debt on the company's total leverage ratios in the next quarterly report.
- Monitor progress on the deployment of fiber to the targeted 3,000 locations.