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Subsequent Events
9 Months Ended
Sep. 30, 2023
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

Note 15 – Subsequent Events

 

Our current Total Leverage Ratio as of September 30, 2023, was 4.67, which exceeded our maximum total leverage of 4.25 per our existing covenants with CoBank. On November 10, 2023, Nuvera received a waiver from CoBank to increase our maximum leverage ratio to 5.50 to accommodate our increased leverage ratio as of September 30, 2023. See the attached Exhibit 10.1 to this Form 10-Q for more information regarding the CoBank waiver.

 

We have evaluated and disclosed subsequent events through the filing date of this Quarterly Report on Form 10-Q.