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AI brief of an SEC Form 8-K · RPC (RES)

RPC extends $100 million revolving credit facility to June 30, 2031

Neutral Impact 3 of 5 financing Written later

RPC, Inc. entered into an Amended and Restated Credit Agreement dated June 30, 2026, with Bank of America, N.A. as administrative agent, covering a revolving line of credit of up to $100 million. The amendment extends the termination date for revolving loans from June 22, 2027 to June 30, 2031 and removes the SOFR Adjustment from pricing, which gives the company a longer borrowing window on the stated terms.

Key points

  • Revolving line of credit of up to $100 million, including a $35 million letter of credit sub-facility and a $35 million swingline sub-facility
  • Termination date for revolving loans extended from June 22, 2027 to June 30, 2031
  • SOFR Adjustment (10 to 25 basis points under the prior terms) removed from pricing
  • Agreement dated June 30, 2026; 8-K filed July 7, 2026, signed by CFO Michael L. Schmit

The filing

CompanyRPC (RES)
Form8-K, current report
Filed with the SECJul 7, 2026, 4:27 PM ET
Accession number0001104659-26-081292

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 07, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.