RPC Extends $100 Million Revolving Credit Facility to 2031, Updates Pricing With Bank of America
TradingView·- RPC has entered into an Amended and Restated Credit Agreement to extend its $100 million revolving credit facility, now maturing on June 30, 2031. - The facility includes $35 million in letter of credit and swingline sub-facilities, with pricing adjustments eliminating SOFR and maintaining customary covenants. - The agreement, effective June 30, 2026, involves Bank of America as the Administrative Agent, allowing letters of credit in non-U.S. currencies.RPC amends, restates revolving credit agreement with Bank of America-led lender group
PUBT·- RPC has entered an amended credit agreement with Bank of America, extending its revolving credit facility to June 30, 2031, with possible extensions until June 30, 2033. - The borrowing base is linked to receivables, and availability may be limited when EBITDA drops below USD 50 million. - The pricing grid varies by consolidated leverage ratio, with Term SOFR loan margins ranging from 1.25% to 2.25%, and includes letter of credit and swing line sublimits of USD 35 million each.