RPC INC - 8-K Filing
RPC Inc. entered into an Amended and Restated Credit Agreement with Bank of America and other lenders on June 30, 2026, extending the termination date for revolving loans from June 22, 2027, to June 30, 2031. The credit facility provides up to $100 million in borrowing capacity, including a $35 million letter of credit sub-facility and a $35 million swingline sub-facility. Key terms include interest rates based on Term SOFR or Base Rate with margins tied to leverage ratios, and financial covenants such as a maximum consolidated leverage ratio of 2.50:1.00 when trailing four-quarter Adjusted EB... (Items: 1.01 Entry into a Material Definitive Agreement, 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, 9.01 Financial Statements and Exhibits)
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