RPC entered into an Amended and Restated Credit Agreement to extend and update its $100 million revolving credit facility. The facility, which includes $35 million letter of credit and $35 million swingline sub-facilities, now matures on June 30, 2031 and removes the SOFR adjustment from pricing. Borrowings accrue interest at Term SOFR or a base rate plus leverage-based margins, and are guaranteed by substantially all 100% owned domestic subsidiaries. The agreement maintains customary covenants and permits letters of credit in non-U.S. currencies.
Agreement details:
- Agreement type: Amended and restated revolving credit facility up to $100 million
- Counterparty: Bank of America, as Administrative Agent, and other lenders
- Signed / Effective: Jun 30 2026 / same
- Duration / Termination: 5 years (to Jun 30 2031)
- Reason: Extend maturity and update pricing terms
Original SEC Filing:
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