RPC extends $100M credit facility to 2031, adds EBITDA-tiered covenant structure

Filed July 7, 2026 · Period ending June 30, 2026 · ~1 min read

Key Changes

• medium

  Credit facility maturity extended from June 2027 to June 2031, providing nearly four additional years of committed liquidity; SOFR adjustment pricing removed from interest rate calculation.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  New borrowing-base mechanism activates when EBITDA falls below $50M, limiting availability to lesser of commitment or formula based on 80% of eligible billed accounts plus 70% of unbilled accounts.

  Exhibit 99.1 verify on EDGAR →
• high

  Financial covenants tier by EBITDA level: above $50M requires max 2.5x leverage and min 2.0x debt service coverage; below $50M requires min $400M tangible net worth instead.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →